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Risk Management Knowledgebase

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ItemDescription
BAT Best Available Techniques
BPEO Best Practicable Environmental Option
BPM Best Practicable Means
Balanced Scorecard A management tool for summarising progress against key business performance measures.
An aid to organisational performance management. It helps to focus, not only on the financial targets but also on the internal processes, customers and learning and growth issues.
Bar Chart A view of project data that uses horizontal bars on a time scale to depict activity information.
Baseline A copy of the project schedule for a particular time (usually before the project is started) that can be used for comparison with the current schedule.
Benefits The enhanced efficiency, economy and effectiveness of future business operations.
Brainstorming The unstructured generation of ideas by a group of people.
Budget The planned cost for an activity or project.
Business Case A document used to justify the commitment of resources to a project.
Business Process A group of business activities undertaken by an organisation in pursuit of a common goal.
Typical business processes include receiving orders, marketing services, selling products, delivering services, distributing products, invoicing for services, accounting for money received.
A business process usually depends upon several business functions for support, e.g. IT, personnel, accommodation.
A business process rarely operates in isolation, i.e. other business processes will depend on it and it will depend on other processes.
Business Recovery Plans Documents describing the roles, responsibilities and actions necessary to resume business processes following a business disruption.
Business Unit A segment of the business entity by which both revenues are received and expenditure are caused or controlled, such revenues and expenditure being used to evaluate segmental performance.

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