Mission Critical

AAA

DEFINITION of 'Mission Critical'

An activity, device, service or system whose failure or disruption will cause a failure in business operations. For example, an online business's mission critical is its communication system. A water filtration company will cease to function if its water filter system is down and a bakery will have to shut down if it does not get gas or electricity services to fuel the ovens. In this case, the critical function of this business is to bake desserts and it's mission critical is the power supply required to run the ovens.

INVESTOPEDIA EXPLAINS 'Mission Critical'

This is a popular term used to describe the essential services required for day-to-day operations. If a business operation cannot be interrupted under any circumstance without hurting production, then this operation is considered the business' mission critical because it is indispensable. Databases and process control software are considered mission critical to a company that runs on mainframes or workstations. Emergency call centers, computerized hospital patient records, data storage centers, stock exchanges and any other operations dependent on a computer and communication systems have to be protected against downtime or shutdowns due to the system's mission-critical functions.

RELATED TERMS
  1. Consequential Loss

    The amount of loss incurred as a result of being unable to use ...
  2. Non-Operating Cash Flows

    Cash flows (inflows and outflows) that are not related to the ...
  3. Property, Plant And Equipment - ...

    A company asset that is vital to business operations but cannot ...
  4. Business

    1. An organization or enterprising entity engaged in commercial, ...
  5. Business Model

    The plan implemented by a company to generate revenue and make ...
  6. Elder Care

    Elder care, sometimes called elderly care, refers to services ...
Related Articles
  1. Executing A Swot Analysis
    Investing Basics

    Executing A Swot Analysis

  2. Examples Of Using SWOT Analysis To Get ...
    Investing Basics

    Examples Of Using SWOT Analysis To Get ...

  3. Finding Per Diem Rates
    Budgeting

    Finding Per Diem Rates

  4. Understanding 'Per Diem'
    Budgeting

    Understanding 'Per Diem'

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center