business continuity plan (BCP)
A written document summarizing steps to take in the event of
a disaster—manmade or natural—assessing the business's ability to
recover from the loss event and subsequent business interruption.
It is a hedging tool against the impact of a disruption on an organization.
It typically includes estimated recoveries for loss of business
income due to damage to: the business's own locations, key suppliers/customers,
adjacent buildings, key objects (such as bridges, highways), and
utility interruptions. The BCP outlines the decision-making framework
and advanced arrangements and procedures that enable an organization
to maintain an acceptable level of operations in the event of a
Links for IRMI Online Subscribers Only:
Pracrisk, Topic D-18