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.

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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.


crisis management plan

Related Terms

Business continuity management (BCM) is the integrated approach to business continuity planning,...