Some interesting findings include:
- On average, retail organizations have 5.6 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) (90%), Crisis Management/ Incident Management (90%) and Pandemic Planning (63%).
- 29% 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.
- 91% indicated that their program sponsor at a zero or one level of separation from the executive management team.
- 30% never conduct an external audit of their program.
- 35% noted that program expenses are allocated independently from other functions within the organization.
- In regards to staffing, 47% manage personnel and the average number of dedicated program staff is 6.5 professionals. Furthermore, 18% plan on hiring additional program personnel in 2017.
- 12% utilize contractors/ consultants to assist with program planning initiatives.
- 50% indicated an estimated financial loss of more than $1M for every hour of downtime for 72+ hours of downtime and 38% indicated that the estimated financial losses are traced to insurance policies and coverages.
- 29% 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.