DRJ Glossary of Business Continuity Terms
Business Interruption Costs
The impact to the business caused by different types of outages, normally measured by revenue lost.
Business Interruption Insurance (BII)
Insurance coverage for disaster related expenses that may be incurred until operations are fully recovered after a disaster.
Steps taken to resume the business within an acceptable timeframe following a disruption.
Business Recovery Coordinator
An individual or group designated to coordinate or control designated recovery processes or testing.
Business Recovery Team
A group responsible for: relocation and recovery of business unit operations at an alternate site following a business disruption; and subsequent resumption and restoration of those operations at an appropriate site.
Business Recovery Timeline
The approved sequence of activities, required to achieve stable operations following a business interruption. This timeline may range from minutes to weeks, depending upon the recovery requirements and methodology.
Risk that internal and external factors, such as inability to provide a service or product, or a fall in demand for an organization's products or services will result in an unexpected loss.
A business unit within an organization e.g. unit/department/division.A unit, department or division within an organization.
Business Unit BC Coordinator
A staff member appointed by a business unit to serve as the liaison person responsible for all BCM direction and activities within the unit.
Business Unit Recovery
A component of Business Continuity which deals specifically with the recovery of a key function or department in the event of a disaster.