business continuity plan (BCP)
A business continuity plan (BCP) is a written document summarizing steps to take in the event of a disaster—man-made or natural—assessing the business's ability to recover from the loss event and subsequent business interruption.
business continuity plan (BCP)
A business continuity plan (BCP) is a written document summarizing steps to take in the event of a disaster—man-made or natural—assessing the business's ability to recover from the loss event and subsequent business interruption.
Additional Information
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 disruption.
Synonyms
crisis management plan
