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:

References

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

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