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WDPG App 3.1 Engaging all business areas and setting up workshops

WDPG App 3.1.1G

1All the firm’s business areas, including the front line, are affected by winding down and will bring their unique perspectives to crafting a strategy and a documented plan.

WDPG App 3.1.2G

A sensible approach might be to set up workshops with representatives from various business areas. Each workshop will explain the principles of wind-down planning to these representatives and work with them to analyse the processes and resources of each business area.

WDPG App 3.1.3G

These workshops will provide the knowledge, expertise, insights and data to be used in the wind-down planning exercise.

Effective

Less effective

Each business area’s needs and requirements are factored into the process to generate a wind-down plan.

Wind-down plan remains at a high level treating business processes in a one-size-fits-all approach.