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Watershed Planning within a Quantitative Scenario Analysis Framework
Published on: July 24, 2016
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A metrics framework to get and keep management engaged.
1Virtual Corporation, 100 Enterprise Drive, Suite 301, Rockaway, NJ 07866, USA.
Journal of Business Continuity & Emergency Planning
|January 24, 2019
Summary
Effective business continuity management (BCM) requires metrics that demonstrate value to executives. This study explores traditional metrics and introduces the Business Continuity Maturity Model (BCMM) for assessing and reporting organizational resilience.
Area of Science:
- Business Continuity Management
- Organizational Resilience
- Risk Management
Background:
- Executive support is crucial for sustainable business continuity, IT disaster recovery, and crisis management programs.
- Lack of consistent executive engagement can undermine program success.
- Business continuity management (BCM) practitioners rely on metrics to track progress and demonstrate value.
Purpose of the Study:
- To evaluate traditional metrics models for BCM and their effectiveness in securing executive support.
- To provide an in-depth overview of the Business Continuity Maturity Model (BCMM) as a tool for program assessment.
- To offer recommendations on using metrics to communicate organizational resilience and demonstrate value to stakeholders.
Main Methods:
- Review of traditional metrics models in business continuity and disaster recovery.
- In-depth analysis of the Business Continuity Maturity Model (BCMM).
- Comparative assessment of different metrics and their impact on executive engagement.
Main Results:
- Traditional metrics models have limitations in demonstrating program value to executives.
- The BCMM offers a rigorous framework for assessing organizational resilience and reporting on program maturity.
- Effective metrics can be used to articulate the value proposition of BCM initiatives.
Conclusions:
- Selecting appropriate metrics is vital for gaining and maintaining executive support in BCM.
- The BCMM provides a structured approach to measuring and communicating organizational resilience.
- Demonstrating value through metrics is key to ensuring the long-term success of BCM programs.
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