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BC Management's BCM Event Impact Management Report has been Distributed to those Professionals who Participated in our 6th Annual BCM Event Impact Management Study.
Missing your report? Please inquire with a BC Management representative if you did participate in the BCM Event Impact Management Study, but didn't receive a report. This report is also available for purchase at $400 USD.
Highlights from the 2016 BCM Event Impact Management Study:
- 66% of the respondents invoked/ activated plans in their Business Continuity Management program in the past year.
- The majority of the study respondents invoked/ activated their plans due to a power outage (44%), ice storm/ winter weather (40%), flood-natural (33%) and network/ communication-Outage (25%).
- Respondents noted on average 12.3 total events in the last year that lead to invoking/ activating their plans.
- 21% of all events lead to a full disaster declaration.
- The greatest impact to the business for all events included facilities or infrastructure (26%), customer service (25%) and operational and/or supply chain disruptions (16%).
- On average respondents noted 25.5 calendar days in business resumption mode (back to normal business operations) in the last year and 60% indicated 5+ days in business resumption mode in the last year.
- 18% of the respondents noted an estimated financial loss of over $100,000 per individual event. (On average respondents indicated 12.3 total events in the last year.)
- Respondents noted an average estimated total financial loss of $1,125,496 for all events in one calendar year. 35% of the respondents noted an estimated total financial loss of over $100,000 for all events in the last year.
- 22% of study respondents estimate that their organization would incur more than $1 Million/ hour in total financial losses for every hour of downtime if down for more than 72 hours.
- As a profession we experience increased organizational awareness and executive support following an incident, but we continue to struggle in highlighting the increased market share or increased share value as a success factor following an incident.