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Glossary of terms used on this site

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UPDATED: September 2019
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Lead Time
The time it takes for a supplier - either equipment or a service - to make that equipment or service available.
Actions within a Business Continuity Plan that must be prioritised as a result of legal, statutory or regulatory requirements.
Chance of something happening, whether defined, measured or estimated objectively or subjectively. It can use general descriptors (such as rare, unlikely, likely, almost certain), frequencies or mathematical probabilities. It can be expressed qualitatively or quantitatively.
Line Re-routing
A facility provided by telephone service providers (Telco?s) to re-route dedicated lines to backup sites or other defined locations.
Logistics Team
A team comprised of various members representing departments associated with supply acquisition and material transportation, responsible for ensuring the most effective acquisition and mobilization of hardware, supplies, and support materials. This team is also responsible for transporting and supporting staff.
Unrecoverable resources that are redirected or removed as a result of a Business Continuity event.
Loss Adjuster
Designated position activated at the time of a Business Continuity event to assist in managing the financial implications of the event and should be involved as part of the management team where possible.Invaluable at the time of a Business Continuity incident to assist in managing the financial implications of the incident and should be involved as part of the management team where possible.
Loss Reduction
The technique of instituting mechanisms to lessen the exposure to a particular risk. Loss reduction involves planning for, and reacting to, an event to limit its impact.
Loss Transaction Recovery
Recovery of data (paper within the work area and/or system entries) destroyed or lost at the time of the disaster or interruption.