Risk

Disaster recovery deals with protecting an organization from the effects of significant negative events, events that put an organization’s operations at risk such as cyber attacks and equipment failures, or hurricanes, earthquakes and other natural disasters. A disaster recovery plan (DRP) documents policies, procedures and actions to limit the disruption to an organization in the wake of a disaster.

Record of the risks identified in a project or program that are monitored by the team to determine when or if they will occur. As a best practice, each identified risk should be assigned to one of more persons whose responsibility it is to monitor the risk triggers and implement the risk response plan should the risk occur.

A condition or situation unfavorable to the project, a negative set of circumstances, a negative set of events, a risk that will have a negative impact on a project objective if it occurs, or a possibility for negative changes. Contrast with opportunity.