DRJ Glossary of Business Continuity Terms
An event that causes a system to initiate a response.
Large scale community transmission where cases increase at a rate higher than a 25% increase over a 14-day period. Also influenced by test positivity rates, ICU capacity, cases per million per day and ability to contact trace. Spread is no longer controlled by conventional means such as handwashing or social distancing.
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.
A term used to cover activities in support of Product and Services which needs to be done within a short timescale.
A vaccine is a biological preparation that provides active acquired immunity to a particular infectious disease. A vaccine typically contains an agent that resembles a disease-causing microorganism and is often made from weakened or killed forms of the microbe, its toxins, or one of its surface proteins.
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.
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.
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.