A study shows various levels of
business continuity management program maturity across organizations and
identifies opportunities for improvement.
Business continuity management (BCM) has emerged as a key discipline that organizations can use to manage operational risk, according to new research from Continuity Insights and KPMG LLP, the US audit, tax and advisory firm.
Adapting BCM programs to address a cloud operating environment and social media considerations is widespread among the organizations surveyed (43 percent and 42 percent, respectively), the study said.
The research found that only 34 percent of BCM programs have a high level of integration with the organization’s strategic planning capabilities, while just over half i.e. 52 percent are tightly integrated with the enterprise risk management program in an organization.
“Organizations are clearly giving more prominence to integrating business continuity management program considerations with other operational risk management priorities,” said Greg Bell, a principal at KPMG LLP (US) and a Global Information Protection and Business Resilience Leader.
However, nearly one-third of those using cloud do not have documented IT disaster recovery plans for it, the study noted.
“Although some companies remain at an early state of maturity, rapid changes introduced by cloud, mobility applications and social media considerations have served as catalysts to rethink traditional approaches to business continuity,” Bell said.
The 2011-2012 Continuity Insights and KPMG LLP Global Business Continuity Management Program Benchmarking Study surveyed 685 executives from over 40 countries, revealed varied levels of business continuity management program maturity across organizations and identified opportunities for improvement through deeper integration with other disciplines.
The study revealed that over 21 percent of respondents stating that their organizations do not have a senior management advisory or steering committee that provides input and assistance to the program leader.
In addition, over 38 percent of the respondents are not aware of the financial impact of a five-day disruption or outage, and nearly 40 percent of the respondents do not know how much of the organization’s application data is currently stored in the cloud.
Business continuity management (BCM) has emerged as a key discipline that organizations can use to manage operational risk, according to new research from Continuity Insights and KPMG LLP, the US audit, tax and advisory firm.
Adapting BCM programs to address a cloud operating environment and social media considerations is widespread among the organizations surveyed (43 percent and 42 percent, respectively), the study said.
The research found that only 34 percent of BCM programs have a high level of integration with the organization’s strategic planning capabilities, while just over half i.e. 52 percent are tightly integrated with the enterprise risk management program in an organization.
“Organizations are clearly giving more prominence to integrating business continuity management program considerations with other operational risk management priorities,” said Greg Bell, a principal at KPMG LLP (US) and a Global Information Protection and Business Resilience Leader.
However, nearly one-third of those using cloud do not have documented IT disaster recovery plans for it, the study noted.
“Although some companies remain at an early state of maturity, rapid changes introduced by cloud, mobility applications and social media considerations have served as catalysts to rethink traditional approaches to business continuity,” Bell said.
The 2011-2012 Continuity Insights and KPMG LLP Global Business Continuity Management Program Benchmarking Study surveyed 685 executives from over 40 countries, revealed varied levels of business continuity management program maturity across organizations and identified opportunities for improvement through deeper integration with other disciplines.
The study revealed that over 21 percent of respondents stating that their organizations do not have a senior management advisory or steering committee that provides input and assistance to the program leader.
In addition, over 38 percent of the respondents are not aware of the financial impact of a five-day disruption or outage, and nearly 40 percent of the respondents do not know how much of the organization’s application data is currently stored in the cloud.
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