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Volume 32, Issue 2

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DRJ Glossary of Business Continuity Terms

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UPDATED: March 2019
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Impact Analysis
The process of analyzing all operational activities and the effect that an operational impact might have upon them.
The Technical Practice within the Business Continuity Management (BCM) Lifecycle that executes the agreed strategies through the process of developing the Business Continuity Plan.
An event which is not part of standard business operations which may impact or interrupt services and, in some cases, may lead to disaster.Situation that might be, or could lead to, a disruption, loss, emergency or crisis.
Incident Command System (ICS)
A standardized on-scene emergency management construct specifically designed to provide for the adoption of an integrated organizational structure that reflects the complexity and demands of single or multiple incidents, without being hindered by jurisdictional boundaries. The combination of facilities, equipment, personnel, procedures and communications operating within a common organizational structure, designed to aid in the management of resources during incidents.
Incident Management
The process by which an organization responds to and controls an incident using emergency response procedures or plans.
Incident Management Plan (IMP)
A clearly defined and documented plan of action for use at the time of an incident, typically covering the key personnel, resources, services and actions needed to implement the incident management process.
Incident Management Team (IMT)
A Group of individuals responsible for developing and implementing a comprehensive plan for responding to a disruptive incident. The team consists of a core group of decision-makers trained in incident management and prepared to respond to any situation.
Incident Manager
Commands the local emergency operations center (EOC) reporting up to senior management on the recovery progress. Has the authority to invoke the recovery plan.
Incident Response
The response of an organization to a disaster or other significant event that may significantly impact the organization, its people, or its ability to function productively.
Increased Cost of Working
The additional expenditure incurred following an incident in order to minimize the loss of gross profit.
Indemnity Period
The period during which insurers will pay for losses following an incident covered as an insured peril.
Information Security
The securing or safeguarding of all sensitive information, electronic or otherwise, which is owned by an organization.
Information Technology Disaster Recovery (ITDR)
An integral part of the organization?s BCM plan by which it intends to recover and restore its ICT capabilities after an Incident.
The term infrastructure refers to the entire ?system of facilities, equipment, and services needed for the operation of the organization.?
A contract to finance the cost of risk. Should a named risk event (loss) occur, the insurance contract will pay the holder the contractual amount.