Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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| Home / Risk Glossary / Critical Functions | 11 March, 2010 | |
Critical Functions (Definition)Proceses and activities which, if interrupted, will cause a business or organization to sustain a severe economic loss, or jeopardize the continued existence of the organization. Public service organizations may define critical functions to include those whose loss would cause adverse effects to their clients. For example, a welfare office's existence may not be threatened by the temporary loss of its facilities, but the well-being of the public it serves may be severely impacted. See Also: Critical Infrastructure. Risky Thinking Newsletter Are you responsible for Business Continuity, Disaster Recovery, or Risk Management in your organization? Then you may wish to receive a free subscription to the the monthly Risky Thinking Newsletter. It contains news, opinions and articles of interest to people working in these areas. View a sample issue, or click here to subscribe. Recent articles have included: Fast food restaurants face special risks, some of which are not completely under their own control. In particular, a supplier with a massive positive feedback loop can cause things to go wrong, as the mad cow case demonstrates.
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