Some interesting findings include:
- On average, manufacturing organizations have less disciplines (4.4) 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), Crisis Management/ Incident Management, Emergency Management and Risk Management - Operational.
- 30% of the respondents indicated the program has existed (with or without their involvement) for over 10 years.
- 17% noted Risk Management as the department owner for the business continuity/ resiliency program and 50% of those individuals did agree that the program was best positioned for maximum visibility.
- 78% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 44% never conduct an external audit of their program.
- A majority (47%) noted that program expenses are allocated independently from other functions within the organization.
- In regards to staffing, 53% manage personnel and the average number of dedicated program staff is 4 professionals. Furthermore, 18% plan on hiring additional program personnel in 2017.
- 43% noted estimated financial losses of $1M+ per hour of downtime for 72+ hours.
- 69% indicated that the estimated financial losses are traced to insurance policies and coverages.
- 25% 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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