Some interesting findings include:
- 50% indicated that the program is centralized with budgeting and staffing and 82% of these individuals believe this organizational structure contributed to the success of the program. Only 40% believed the same with non-centralized programs.
- A majority of the respondents (29%) noted Information Technology as the department owner for the business continuity/ resiliency program and 100% of those individuals agreed that the program was best positioned for maximum visibility.
- 67% of the respondents noted a chief officer or above as the individual who was totally engaged and sponsoring the program within the company and 29% of those respondents indicated a Chief Information Officer/ Chief Technology Officer as the program sponsor. 86% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 33% never exercise their BC plans for mission critical third-parties.
- Surprisingly, 46% do not track program expenditures.
- The top budget line items include full time internal staff, hardware, software, exercises, training/ awareness, travel and personnel development.
- In regards to staffing, 42% manage personnel and the average number of dedicated program staff is 10.5 professionals. Furthermore, 23% plan on hiring additional program personnel in 2017.
- 30% noted estimated financial losses of $1M per hour of downtime for 72+ hours.
- 33% indicated that the estimated financial losses are traced to insurance policies and coverages.
- 39% are planning on consulting initiatives in 2017.
Data collected between November 3, 2016 - January 23, 2017.
View Table of Contents
Sample Industry Benchmarking Report (2017)
Additional information or how to order this report.
Contact a BC Management Representative for further inquiries.