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Volume 32, Issue 4

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DRJ Glossary of Business Continuity Terms


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UPDATED: September 2019
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Glossaries

TermDefinition
Prioritization
The ordering of critical activities and their dependencies are established during the BIA and Strategic-planning phase. The business continuity plans will be implemented in the order necessary at the time of the event.
Prioritized activities
Activities to which priority must be given following an incident in order to mitigate impacts.
Probability
The chance of a risk occurring.
Procedure
Specified way to carry out an activity.
Process
A set of interrelated or interacting activities which transforms inputs to outputs.
Products and Services
Beneficial outcomes provided by an organization to its customers, recipients and interested parties.
Professional Practices
The activities that make up the six stages of the BCI?s Good Practice Guidelines BCM Lifecycle.
Programme
An ongoing process supported by senior management and adequately funded.
Public Sector

The public sector is that portion of an economic system that is controlled by national, state or provincial, and local governments.

Qualitative Assessment
The process for evaluating a business function based on observations and does not involve measures or numbers. Instead, it uses descriptive categories (e.g., customer service, regulatory requirements) to allow for refinement of the quantitative assessment.
Quantitative Assessment
The process for placing value on a business function for risk purposes. It is a systematic method that evaluates possible financial impact for losing the ability to perform a business function. It uses numeric values to allow for prioritizations.
Readiness
Activities implemented prior to an incident that may be used to support and enhance mitigation of, response to, and recovery from disruptions.
Reception Centre
A secure area to which the uninjured can be taken for shelter, first aid, interview and documentation as appropriate to the incident.
Reciprocal Agreement
Agreement between two organizations (or two internal business groups) with similar equipment/environment that allows each one to recover at the other?s location.
Record
A statement of results achieved or evidence of activities performed.