Critical Operations: Difference between revisions

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Revision as of 14:14, 2 June 2024

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) and the Australian Prudential Regulation Authority (APRA) are also using these terms.

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Related Term: Operational Resilience, Important Business Services, Critical Business Services, Critical Operations, 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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A Manager’s Guide to Operational Resilience (eBook)