Event

From Business Continuity Management (BCM) and Disaster Recovery (DR) Wiki Glossary

1. An event is a pre-announced large-scale activity that would lead to a disaster or crisis. The stakeholders are made aware by a set of announcements or early indicators. These events could potentially cause disruption to businesses due to closure of premises and access routes, increase security restrictions and inconvenience of customers. Examples of events that will disrupt business are the APEC meetings, the Olympics and the WTO meetings. BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1: Foundation

(Source: Business Continuity Management Institute - BCM Institute)

2. Any occurrence that may lead to a business continuity incident.

(Source: Business Continuity Institute - BCI)

3. Occurrence of a particular set of circumstances.

(Source: Australia. A Practitioner's Guide to Business Continuity Management HB292 - 2006 )

4. Occurrence or change of a particular set of circumstances.

NOTES:

• Nature, likelihood, and consequence of an event cannot be fully knowable.
• An event can be one or more occurrences, and can have several causes.
• Likelihood associated with the event can be determined.
• An event can consist of a non occurrence of one or more circumstances.
• An event with a consequence is sometimes referred to as ‘incident’.
• An event where no loss occurs may also be referred to as a ‘near miss’, ‘near hit’, ‘close call’

or ‘dangerous occurrence’.

(Source: AS/NZS 5050.1 Australian and New Zealand Standards for business continuity management.

Part 1: Business continuity management system specification)

5. Occurrence or change of a particular set of circumstances.

NOTES:

• Nature, likelihood, and consequence of an event can not be fully knowable.
• An event can be one or more occurrences, and can have several causes.
• Likelihood associated with the event can be determined.
• An event can consist of a non occurrence of one or more circumstances.
• An event with a consequence is sometimes referred to as ‘incident’.
• An event where no loss occurs may also be referred to as a ‘near miss’, ‘near hit’, ‘close call’

or ‘dangerous occurrence’.

(Source: AS/NZS 5050.2 Australian and New Zealand Standards for business continuity management.

Part 2: Business continuity management practice standard)