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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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Glossaries

TermDefinition
Threat
A combination of the risk, the consequence of that risk, and the likelihood that the negative event will take place. A potential cause of an unwanted incident, which may result in harm to individuals, a system or organization, the environment, or the community.
Threat Analysis
The process of evaluating threats to identify unacceptable concentrations of risk to activities and single points of failure.
Top Management
Person or group of people who directs and controls an organization at the highest level.
Trauma Counseling
The provisioning of counseling assistance by trained individuals to employees, customers and others who have suffered mental or physical injury as the result of an event.
Trauma Management
The process of helping employees deal with trauma in a systematic way following an event by proving trained counselors, support systems, and coping strategies with the objective of restoring employees psychological well-being.
Trigger
An event that causes a system to initiate a response.
Unexpected Loss
The worst-case financial loss or impact that a business could incur due to a particular loss event or risk. The unexpected loss is calculated as the expected loss plus the potential adverse volatility in this value.
Uninterruptible Power Supply (UPS)
A backup electrical power supply that provides continuous power to critical equipment in the event that commercial power is lost.A battery powered backup power supply use to provide short-term temporary power in the event of failure of mains supply.
Urgent Activity
A term used to cover activities in support of Product and Services which needs to be done within a short timescale.
Validation
The Technical Practice within the BCM Lifecycle that confirms that the Business Continuity Management (BCM) programme meets the objectives set in the Business Continuity (BC) Policy and that the organization?s Business Continuity Plan (BCP) is fit for purpose.
Validation Script
A set of procedures within the Business Continuity Plan to validate the proper function of a system or process before returning it to production operation.
Verification
Confirmation, through the provision of evidence, that specified requirements have been fulfilled.
Virtual Battle Box
An electronic form of a storage location held on the internet, intranet or cloud so that data and information are immediately available post incident and accessible by the Incident/Crisis Management Team.
Virtual Command Centre
A means of operating when it is physically impossible for members of the Incident Management Team to move to a Command Centre. A virtual command centre working using telephony and internet solutions including a Virtual Battle Box can be established.
Virus
An unauthorised programme that inserts itself into a computer system and then propagates itself to other computers via networks or disks. When activated, it interferes with the operation of the computer systems.