Business Continuity

From Open Risk Manual

Definition

Business Continuity (BC) is the state of continued, uninterrupted operation of a business (except when the interruption is a planned process). Unexpected interruption of business is termed a Business Disruption and is one of the key forms of Operational Risk

BC denotes the strategic and tactical capability of the organization to plan for and respond to incidents and business disruptions in order to continue business operations at an acceptable predefined level. The capability of the organization to continue delivery of products or services at acceptable predefined levels following a disruptive incident.

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