BC Management's 11th Annual BCM Study reported the following: The average budget for Business Continuity Planning & IT/Disaster Recovery Management expenses (according to all the study respondents) is $1,705,085 USD. How are these program expenses budgeted within organizations?
BC Management's 11th Annual BCM Study Findings Reported:
- 51.7% of the study respondents budget program expenses independently from other organizational functions.
- 16.5% of the study respondents allocate program expenses to other department(s).
- 31.8% of the study respondents do not have a defined budget for program expenses.
What about your peer companies (industry, revenues, size comparison to your organization)? What is the average program budget for companies that are similar to your organization and how are they budgeting for their program?
*BC Management's 11th Annual BCM Study received 1,106 study respondents from 35 countries participating in the program management section of the study. The annual study closed on December 15, 2012.
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