1. Initiate the Project: Gain support from top management and allocate resources. 2. Conduct a Risk Assessment: Identify and evaluate potential threats. 3. Perform a Business Impact Analysis: Assess the impact of disruptions on different business functions. 4. Develop Recovery Strategies: Create strategies to restore critical operations. 5. Document the Plan: Write a detailed plan outlining procedures, roles, and responsibilities. 6. Test the Plan: Conduct simulations and drills to test the plan's effectiveness. 7. Review and Update: Regularly review and update the plan to address new risks and changes in the business environment.