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Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", [1] and business continuity planning [2] [3] (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal ...
As such, a business continuity plan is a comprehensive organizational strategy that includes the DRP as well as threat prevention, detection, recovery, and resumption of operations should a data breach or other disaster event occur. Therefore, BCP consists of five component plans: [8] Business resumption plan; Occupant emergency plan
The Business Continuity Institute (BCI) was established in 1994 by Andrew Hiles and others, evolving from the Survive Group - a network of disaster recovery and business continuity experts. The Institute's initial vision was to enable individual members to obtain guidance and support from fellow business continuity practitioners.
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The Recovery Time Objective (RTO) [9] [10] is the targeted duration of time and a service level within which a business process must be restored after a disruption in order to avoid a break in business continuity. [11] According to business continuity planning methodology, the RTO is established during the business impact analysis (BIA) by the ...
Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
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