What is a "transition plan" in risk management?

A transition plan in risk management is specifically designed to outline how an organization will move from its current state to a desired future state, especially concerning the implementation and modification of controls, systems, and processes. This is crucial during any significant organizational changes, such as adopting new technologies, integrating different systems, or shifting to new security protocols. The plan ensures that all steps are clearly defined and that the transition occurs smoothly, minimizing disruption and maintaining effective risk management throughout the process.

By focusing on the details of how to implement changes and what actions need to be taken during the transition, this plan supports continuity and the effective management of risks associated with changes in the organization’s operations or environment.