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Business continuity budgets on the increase

The interim results of Continuity Central’s latest survey show that the majority of BCMs expect to have a larger budget next year.

The anonymous survey is asking business continuity managers how much their company spends on business continuity, what areas the budget covers and whether their budget will go up or down in 2004.

The results so far show that 55 percent have a defined business continuity budget, while the remaining 45 percent operate in a less formal spending regime. 69 percent of respondents expect their BC budgets to increase next year, 21 percent expect the budget to remain the same and 10 percent will have their budget cut.

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Date: 14th November 2003 •Region: Worldwide •Type: Article •Topic: BC stats
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