What risk managers must do when reviewing and developing their business-continuity plan

Challenge

The five key steps risk managers need to take in reviewing and developing their business-continuity plan:

  1. Ensure that the plan is not over-engineered and that it provides for simplicity of structure and execution;
  2. Ensure business-continuity planning is current and annually assured;
  3. Train the business-continuity team (at least annually);
  4. Test the plan with an external specialist (again, at least annually);
  5. Establish an effective response/approach.