Business Continuity is a key sub-program of Oracle’s Risk Management Resiliency Program. Corporate business continuity policy, standards, and Line of Business (LOB) practices are overseen by the RMRP Program Management Office (PMO).
This centralized program office guides LOB Risk Managers 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 as aids to LOB Risk Managers in defining and maintaining their business continuity plans, performing plan testing and for training.
Business continuity planning is managed by the Risk Manager in each Line of Business (LOB). Critical LOBs are required to conduct an annual review of their business continuity plans with the objective of maintaining operational recovery capability, reflecting changes to the risk environment as well as new or revised business processes and technology. The RMRP program requires that critical LoBs:
In addition, all LOBs are required to: