Business Continuity Management

From Open Risk Manual

Definition

Business Continuity Management is the entirety of organization arrangements including policies, standards, and management procedures for ensuring that specified operations can be maintained or recovered in a timely fashion in the event of a Business Disruption.

The purpose of continuity management is too minimise the operational, financial, legal, reputational and other material consequences arising from a disruption.[1] A key component of continuity management is a formal Business Continuity Plan


References

  1. BCBS, High-level principles for business continuity, August 2006

Contributors to this article

» Wiki admin