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Volume 32, Issue 3

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DRJ Glossary of Business Continuity Terms


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UPDATED: March 2019
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Glossaries

TermDefinition
Fellow of the Business Continuity Institute (FBCI)
This prestigious certified membership grade is the highest obtainable, and is designed for professionals with over 10 years of experience and who have made significant contributions to the BCI and the industry.
FEMA
Federal Emergency Management Agency ? the US agency responsible for responding to wide area disasters and emergencies.
Financial Impact
Actual or potential losses incurred.
First Responder
A member of an emergency service who is first on the scene at a disruptive incident.
Fit-for-purpose
Meeting an organization's requirements.
Floor Warden
Person responsible for ensuring that all employees, visitors and contractors evacuate a floor within a specific site.
Formal Debrief
A discussion held within weeks of the exercise, addressing the wider organizational issues that identifies learning opportunities.
Full Rehearsal
An exercise that simulates a Business Continuity event where the organization or some of its component parts are suspended until the exercise is completed.
Full Test
A simulation exercise involving a Business Continuity scenario where the organization or some of its component parts are suspended until the exercise is completed.
Gain
A positive consequence of an event or incident.
Gap Analysis
A survey whose aim is to identify the differences between BCM/Crisis Management requirements (what the business says it needs at time of an incident) and what is in place and/or currently available
Good Practice Guidelines
A guide to global good practice in Business Continuity. The body of knowledge produced by the Business Continuity Institute.
Governance, Risk and Compliance (GRC)
GRC is the umbrella term covering an organization's approach across these three areas.
Grab List
A list of items that individuals should take with them prior to evacuating a building.
Hardening
The process of making something more secure, resistant to attack, or less vulnerable.