DRJ Fall 2019

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Volume 32, Issue 3

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Glossary of terms used on this site


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UPDATED: March 2019
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Glossaries

TermDefinition
Business Recovery Team
A group responsible for: relocation and recovery of business unit operations at an alternate site following a business disruption; and subsequent resumption and restoration of those operations at an appropriate site.
Business Recovery Timeline
The approved sequence of activities, required to achieve stable operations following a business interruption. This timeline may range from minutes to weeks, depending upon the recovery requirements and methodology.
Business Risk

Risk that internal and external factors, such as inability to provide a service or product, or a fall in demand for an organization?s products or services will result in an unexpected loss.

Business Unit
A business unit within an organization e.g. unit/department/division.A unit, department or division within an organization.
Business Unit BC Coordinator
A staff member appointed by a business unit to serve as the liaison person responsible for all BCM direction and activities within the unit.
Business Unit Recovery
A component of Business Continuity which deals specifically with the recovery of a key function or department in the event of a disaster.