Critical Operations

1. Critical Operation is defined as a business output that, if interrupted during the operational period, will cause financial loss, damage, or interruption to the delivery of goods or services essential to the organization’s continued operation or success. Notes (1): For precise usage of this term, refer to FED Interagency Paper on Sound Practices to Strengthen Operational Resilience whereby they outline what constitutes “critical operations” Notes (2): Besides the FED, the Basel Committee for Banking Standards (BCBS), the Hong Kong Monetary Authority (HKMA), the Australian Prudential Regulation Authority (APRA),Bangko Sentral ng Pilipinas (BSP) Guidelines on Operational Resilience and the Reserve Bank of Inida (RBI) are also using these terms. Click to know more OR courses Similar Term: Important Business Services, Critical Business Services, Critical Operations Related Term: Operational Resilience, Critical Business Function, Levels of harm, Intolerable harm, Harm, Inconvenience, Important Business Services BCM Institute's Professional Training and Certification BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1B: Foundation (BC) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1C: Foundation (CM) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1CC: Foundation (CC) BCMBoK Competency Level BCMBoK 0: BCM Fundamentals CL 1D: Foundation (DR) OR Body of Knowledge OR Competency Level OR BoK 6: P2 Implement CL 1OR: Foundation (OR) Template:ORBoK 6: P2 Implement CL 1ORA (Source: Business Continuity Management Institute - BCM Institute)

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