Monitor, test, and adapt

Keep risk management active as the business and its environment change. Watch relevant warning signs, encourage employees to report concerns and near misses, and check whether safeguards work in practice.

Test important arrangements by restoring a backup, checking an alternative supplier’s readiness, or rehearsing a realistic disruption with your team. Review the results of tests and actual incidents, assign improvements to specific people, and follow through on those actions.

Update the plans and resources affected, and reconsider business choices when circumstances change. This may mean adjusting suppliers, working methods, or offerings to keep the business viable and responsive to new needs.