Business Recovery
From Open Risk Manual
Definition
Business Recovery denotes the rebuilding of specific business operations following a Business Disruption to a level sufficient to meet outstanding business obligations. Steps taken to resume the business within an acceptable timeframe following in North America) the term a disruption.
In the context of formal Business Continuity Management business recovery aims to meet a defined Business Recovery Objective[1] as part of a Business Recovery Strategy which entails:
- reaching a Business Recovery Level
- within a specified Business Recovery Time
References
- ↑ BCBS, High-level principles for business continuity, August 2006