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Volume 32, Issue 1

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DRJ Glossary of Business Continuity Terms


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UPDATED: March 2019
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Glossaries

TermDefinition
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.
Quick Ship
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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.
Recoverable Loss
Financial losses due to an event that may be reclaimed in the future, e.g. through insurance or litigation.
Recovery
Implementing the prioritized actions required to return the processes and support functions to operational stability following an interruption or disaster.
Recovery Management Team
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Recovery Period
The time period between a disaster and a return to normal functions, during which the disaster recovery plan is employed.
Recovery Point Capability (RPC)
The point in time to which data was restored and/or systems were recovered (at the designated recovery/alternate location) after an outage or during a disaster recovery exercise.
Recovery Point Objective (RPO)
The point in time to which data is restored and/or systems are recovered after an outage. The point to which information used by an activity must be restored to enable the activity to operate on resumption.
Recovery Services Agreement / Contract
A contract with an external organization guaranteeing the provision of specified equipment, facilities, or services, usually within a specified time period, in the event of a business interruption.
Recovery Site
A designated site for the recovery of business unit, technology, or other operations, which are critical to the enterprise.
Recovery Strategy
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