Results from global business continuity management program benchmarking study
Continuity Insights and KPMG LLP have published the findings of the 2011-2012 Global Business Continuity Management Program Benchmarking Study, which surveyed 685 executives from over 40 countries.
The study revealed varied levels of business continuity management program maturity across organizations and identified opportunities for improvement through deeper integration with other disciplines.
- Only 34 percent of business continuity management programs have a high level of integration with the organization's strategic planning capabilities, while just over half (52 percent) are tightly integrated with the enterprise risk management program in an organization.
- Adapting business continuity management programs to address a cloud operating environment and social media considerations is widespread among the organizations surveyed (43 percent and 42 percent, respectively); however, nearly one-third of those using cloud do not have documented IT disaster recovery plans for it.
- Over 21 percent of respondents said their organizations do not have a senior management advisory or steering committee that provides input and assistance to the program leader.
- 65 percent of respondents' organizations have a full-time business continuity management coordinator.
- 32 percent of respondents indicated their business continuity management programs are well integrated with strategic sourcing and procurement capabilities.
- Less than 31 percent of the respondents believed their recovery time objective was completely met during the most recent interruption.
- Business continuity plan exercises are by far the most widely used method to measure the performance of BCM programs (85 percent), followed by audit findings (62 percent) and BCM program reviews (60 percent).
- Over 38 percent of the respondents do not know the financial impact of a five-day disruption or outage.
- Nearly 40 percent of respondents do not know how much of the organization's application data is currently stored in the cloud.
Read the full report (PDF).
•Date: 17th April 2012 • World •Type: Article • Topic: Business continuity statistics