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Volume 32, Issue 3

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Glossary of terms used on this site


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UPDATED: March 2019
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Glossaries

TermDefinition
Standalone Test
A test conducted on a specific component of a plan in isolation from other components to validate component functionality, typically under simulated operating conditions.
Standby
A continuity and recovery strategy where a facility is available to be made operational as required.
Structured Walkthrough
Types of exercise in which team members physically implement the business continuity plans and verbally review each step to assess its effectiveness, identify enhancements, constraints and deficiencies.
Subcontracting
A continuity and recovery strategy where third parties are used to produce a product or service, provide process infrastructure and undertake activities.
Succession Plan
A predetermined plan for ensuring the continuity of authority, decision-making, and communication in the event that key members of executive management unexpectedly become incapacitated.
Supply Chain
The complete logistical process (life cycle) of a product or service including: raw materials, transportation, manufacturing, distribution, through end-of-life. The linked processes that begins with the acquisition of raw material and extends through the delivery of products or services to the end user across the modes of transport.
Supply Chain Resilience Analysis
A proactive analysis of vulnerabilities affecting the logistical process of a product or service to establish risk thresholds.
Syndicated Subscription Service
Work space shared by a limited number of organizations, configured for general occupation (not for a particular organization).
Syndication Ratio
Number of times that a work area is sold by the third party providers at a resource recovery location.
System
Set of related technology components that work together to support a business process or provide a service.
System Recovery
The procedures for rebuilding a computer system and network to the condition where it is ready to accept data and applications, and facilitate network communications.
System Restore
The procedures necessary to return a system to an operable state using all available data including data captured by alternate means during the outage.
System Risk
Potential difficulties, such as failure of one participant or part of a process, system, industry or market to meet its obligations, that could cause other participants to not meet their obligations; this could cause liquidity and other problems, thereby threatening stability of the whole process, system, industry or market.