Some interesting findings include:
- 40% received a favorable maturity index score of a managed program with quantitative metrics in place and only 3% received a very low maturity score of a very immature program in the initial program planning phase.
- 29% of the respondents indicated the program has existed (with or without their involvement) for over 10 years.
- 41% noted that recovery capability reports are shared on a regular basis with pertinent senior leadership within the organization.
- A slight majority of the respondents (25%) noted Information Technology as the department owner for the business continuity/ resiliency program; however, 25% of those individuals did not agree that the program was best positioned for maximum visibility.
- 81% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 32% never exercise their BC plans for mission critical third-parties.
- A majority (52%) noted that program expenses are allocated independently from other functions within the organization.
- In regards to staffing, 46% manage personnel and the average number of dedicated program staff is 9 professionals. Furthermore, 19% plan on hiring additional program personnel in 2017.
- 29% noted estimated financial losses of $1M per hour of downtime for 72+ hours.
- 42% indicated that the estimated financial losses are traced to insurance policies and coverages.
- 33% are planning on consulting initiatives in 2017.
Data collected between November 3, 2016 - January 23, 2017.
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Sample Industry Benchmarking Report (2017)
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