Some interesting findings include:
- On average, financial organizations (government/ non-profit) or with revenues of less than $25M have 4.1 disciplines being managed within their program in comparison to their BCM peers from different industries (typically 5+ on average). The top disciplines managed in the program include Business Continuity Process (Business Focus) (94%), Crisis Management/ Incident Management (65%) and Pandemic Planning (41%).
- 48% of the respondents indicated the program has existed (with or without their involvement) for over 10 years.
- 24% noted Information Technology as the department owner for the business continuity/ resiliency program and 60% of those individuals did agree that the program was best positioned for maximum visibility.
- 86% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 85% conduct an external audit of their program.
- 33% never exercise their plans for mission critical third-parties.
- 50% noted that program expenses are allocated independently from other functions within the organization.
- In regards to staffing, 50% manage personnel and the average number of dedicated program staff is 2.4 professionals. Furthermore, 29% plan on hiring additional program personnel in 2017.
- 43% utilize contractors/ consultants to assist with program planning initiatives.
- 15% indicated an estimated financial loss of more than $1M for every hour of downtime for 72+ hours of downtime and 67% indicated that the estimated financial losses are traced to insurance policies and coverages.
- 43% 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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