What does the term "business continuity planning" refer to?

The term "business continuity planning" refers to preparedness for potential disruptions to ensure critical business operations can continue. This involves developing a comprehensive strategy that outlines how an organization can maintain essential functions during and after a disaster or unexpected event. This might include natural disasters, cyber-attacks, or other crises that could disrupt normal operations.

The focus of business continuity planning is on identifying critical business processes and determining the resources needed to support these processes during a disruption. This ensures that the organization can recover and continue operating, which is vital for maintaining customer trust, fulfilling legal obligations, and managing financial impacts.

While the other choices touch on important aspects of business management, they do not align with the specific definition of business continuity planning. For instance, strategies for increasing revenue are more about growth and profitability rather than continuity during disruptions. Planning for employee training and development focuses on workforce capabilities rather than operational resilience. Finally, scheduling maintenance for IT systems is important for system reliability but does not encompass the broader planning needed for continuity during unforeseen events.