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Risky Thinking
Tools and Ideas for Risk Assessment and Business Continuity
26 November, 2014
Business Impact Assessment and Risk Register tool.

A Glossary of Risk Related Terms

These terms are commonly used in discussions of risk assessment, particularly in the field of business continuity planning.

A

ABCDEF ALE Alternate Site
Annual Loss Expectancy Annual Rate of Occurrence Annualized Loss Expectancy
Annualized Rate of Occurrence ARO Asset
Asset Risk Asset Value Asynchronous Replication
AV

B

Backlog BCDR BCP
BIA BS 25999 BS 7799
Business Continuity Planning Business Impact Analysis Business Interruption

C

Call Tree Chatham House Rule Checklist Test
Children's Online Privacy Protection Act Cold Site Consortium Agreement
Continuity of Operations Plan Control Risk COOP
COPPA Crate & Ship Critical Data Point
Critical Functions Critical Infrastructure Critical Records

D

Declaration Fee Differential Backup Disaster Recovery Planning
DRP

E

Electronic Vaulting Emergent Risk Emerging Risk
Exposure Exposure Factor

F

FEMA Full Backup Full Interruption Test

G

Gap Analysis

H

Hazard Hot Site

I

ICT Incremental Backup Inherent Risk
Investment Risk ISO 17799 ISO 22301
ISO 27301

L

Lockdown Procedure

M

MAA MAO Maximum Acceptable Outage
Maximum Tolerable Downtime Maximum Tolerable Period of Disruption Minimum Service Level
Mobile Site MTD MTPD
MTPOD Mutual Assistance Agreement

P

Parallel Test Peril Pharming
Phishing Podslurping Pure Risk

Q

Quick Ship Ageement

R

Reciprocal Agreement Recovery Period Recovery Point Objective
Recovery Time Objective Residual Risk Return on Security Investment
Risk Risk Analysis Risk Assessment
Risk Avoidance Risk Mitigation Risk Strategy
Risk Tolerance ROSI RPO
RTO

S

Shelter-In-Place Procedure Simulation Test Single Loss Expectancy
SLE Software Escrow Agreement Speculative Risk
Structured Walk-Through Test Synchronous Replication

T

Table-Top Exercise

W

Warm Site

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© Albion Research Ltd. 2014