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The Risk Management Resiliency Program (RMRP) objective is to establish a business resiliency framework that helps provide an efficient response to business interruption events affecting Oracle. Business Continuity is a key sub-program of Oracle RMRP.
Corporate business continuity policy, standards, and practices are governed by the RMRP Program Management Office (PMO) and are generally aligned with International Standards Organization (ISO) 22301 Business Continuity Management Systems guidance.
This centralized program office is responsible for providing guidance to Risk Managers in the lines of business, to help them fulfill their roles and responsibilities defined in the Oracle Risk Management Resiliency Policy. As part of this guidance, the RMRP PMO develops planning materials and tools meeting the RMRP Policy requirements as aids to LoB Risk Managers in managing their business continuity plans, testing and training procedures.
Functional business continuity planning is managed by the Risk Manager within each Line of Business (LoB). The critical LoBs are required to conduct an annual review of their business continuity plan with the objective of maintaining operational recovery capability, reflecting changes to the risk environment as well as new or revised business processes. The RMRP program requires that identified LoBs:
In addition, all LoBs are required to: