FFIEC IT Examination Handbook BCM-V.A: V.A Event Management (Business Continuity Management)

The business continuity plan defines events, disruptions and triggers, sets predefined escalation thresholds, details reasonably foreseeable event types with thresholds and responses, describes how events are reported to management and who must be notified, establishes a team or teams to manage events and communicate with stakeholders while monitoring stays an entity-wide responsibility, and provides responses that protect life and property, meet basic human needs and preserve operational capability.