The document discusses the 7 steps of business continuity management and contingency planning: 1) develop a policy statement, 2) conduct a business impact analysis, 3) identify preventive controls, 4) develop recovery strategies, 5) define recovery roles and responsibilities, 6) plan testing and training exercises, and 7) plan maintenance. It provides details on each step, emphasizing the importance of identifying critical resources, outage impacts, and recovery priorities in the business impact analysis in order to effectively develop recovery strategies, roles, and test procedures. Regular reviews and updates of the contingency plan are also highlighted.