Some interesting findings include:
- 39% of the respondents manage 9+ disciplines within their enterprise BCM/ Resiliency program. The most common disciplines include business continuity planning (business focus), crisis management/ incident management, crisis communications, disaster recovery (IT focus), pandemic planning, emergency management, supplier resiliency, asset protection/ loss prevention and third-party risk management.
- A majority of the respondents (29%) noted Information Technology as the department owner for the business continuity/ resiliency program; however, only 25% of those individuals agreed that the program was best positioned for maximum visibility.
- Interestingly enough only 36% of the respondents noted a chief officer or above as the individual who was totally engaged and sponsoring the program within the company. 72% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 40% never exercise their BC plans for mission critical third-parties.
- Budget line items increasing in the next year include consulting services, emergency supplies and training and awareness.
- In regards to staffing, 50% manage personnel and the average number of dedicated program staff is 11.7 professionals. Furthermore, 15% plan on hiring additional program personnel in 2017.
- 55% 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.
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Sample Industry Benchmarking Report (2017)
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