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. Assembly Line

    A production process that breaks the manufacture of a good into ...
Related Articles
  1. Finding Per Diem Rates
    Budgeting

    Finding Per Diem Rates

  2. Understanding 'Per Diem'
    Budgeting

    Understanding 'Per Diem'

  3. Creating An Invoice Template
    Budgeting

    Creating An Invoice Template

  4. Understanding S Corporations
    Investing Basics

    Understanding S Corporations

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center