U.S. National Practice Leader
Information Protection and Business Resilience
Apr 30, 2014
From the Advisory Institute
The Global Business Continuity Management (BCM) Program Benchmarking Study helps to gauge the effectiveness of BCM programs across the spectrum of business, government, educational and not-for-profit organizations. The study findings were compiled from responses of approximately 434 professionals.
An integral focus of the 2013-2014 survey was oversight by a senior management advisory or steering committee. Seventy-one percent of organizations report they have an advisory or steering committee in place, up from 65 percent in the 2011-2012 survey. The survey showed that those with this oversight in place reported higher success rates in a number of BCM facets, including an increase in conducting periodic Business Impact Analysis (BIAs), an increased rate of adopting global standards such as ISO 22301 and a noticeable rise in addressing cyber security in BCM plans.
The study also captured program development and performance data, including the financial impacts of adverse events, BCM leadership structures, budgets, headcounts, technology deployment, plan exercises and training.
The 2013-2014 BCM study compares and contrasts key findings for organizations that have a senior management advisory or steering committee in place to help drive program capabilities and effectiveness against those that do not have a committee in place. It focuses on:
- The importance of BCM Program integration with other enterprise functions, the extended enterprise (suppliers, service providers) and public authorities
- Risk assessments, business impact analysis and program measurement capabilities
- The impact of regulations and the evolving standards on BCM Programs
- The importance of certification of professionals involved in an organization’s BCM
- Cyber security threats and the importance of addressing them effectively within the organization’s BCM Program