Some interesting findings include:
- On average, technology firms have 5.5 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) (88%), Disaster Recovery (IT Focus) (59%), Pandemic Planning (59%), Crisis Communications (47%) and Crisis Management/ Incident Management (47%).
- 30% of the respondents indicated the program has existed (with or without their involvement) for over 10 years.
- 25% noted Information Security as the department owner for the business continuity/ resiliency program and 20% of those individuals did agree that the program was best positioned for maximum visibility.
- 53% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 74% conduct an external audit of their program.
- 24% never exercise their plans for mission critical third-parties.
- 44% 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 5.4 professionals. Furthermore, 13% plan on hiring additional program personnel in 2017.
- 31% utilize contractors/ consultants to assist with program planning initiatives.
- 39% indicated an estimated financial loss of more than $1M per hour of downtime if down 72+ hours and 36% 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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