Questions and Answers
What is the definition of a disaster according to DRI International?
A sudden, unplanned calamitous event that creates the inability to provide critical business functions for a predetermined period of time and results in great damage or loss.
What is the primary purpose of Business Continuity Planning (BCP)?
Minimize the impact of a major disruption to normal operations.
Which examples are considered as disasters in the context of BCP?
Pandemic (Covid-19) and Natural Disaster (Flood)
How does the time factor influence whether a service interruption is classified as an inconvenience or a disaster?
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What does Business Continuity Planning (BCP) aim to achieve?
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Study Notes
Definition of Disaster
- A disaster, as defined by DRI International, is a sudden, unplanned event that disrupts essential functions and operations of an organization, causing significant financial, operational, or reputational impact.
Business Continuity Planning (BCP)
- The primary purpose of BCP is to ensure that an organization can respond to interruptions and maintain or restore its operations and services in a timely manner.
Examples of Disasters in BCP
- Examples of disasters in the context of BCP include natural disasters (e.g. earthquakes, hurricanes, floods), technological failures (e.g. hardware, software, network failures), human-induced disasters (e.g. terrorism, sabotage, cyber attacks), and environmental disasters (e.g. oil spills, chemical leaks).
Time Factor in Disaster Classification
- The time factor plays a crucial role in determining whether a service interruption is classified as an inconvenience or a disaster, with interruptions exceeding a certain duration (e.g. exceeding a few hours or days) typically being considered disasters.
Aims of Business Continuity Planning
- BCP aims to achieve the following objectives: minimize downtime, reduce financial losses, maintain customer confidence, and ensure compliance with regulatory requirements.
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