Estimated value realisation: A comparison between standard and adaptive business continuity approaches.

Area of Science:

• Business Continuity Management
• Organizational Resilience
• Risk Management

Background:

• Traditional business continuity (BC) practices often follow established standards like DRI's Professional Practices and ISO 22301.
• The efficiency and speed of value delivery from these historical BC approaches are not always optimized.

Purpose of the Study:

• To evaluate and compare the time to value (TTV) of an adaptive BC approach against historical BC methodologies.
• To quantify the potential speed advantage of the adaptive BC model in delivering tangible benefits.

Main Methods:

• Analysis of the BC practice lifecycle as detailed in the BCI's 'Good Practice Guide'.
• Estimation of execution hours and value gained for standard BC practices.
• Calculation of TTV for both adaptive and historical BC approaches, including addressing potential objections.

Main Results:

• The adaptive BC approach demonstrates a substantially faster TTV, potentially 11 times faster overall.
• In specific BC life-cycle phases, the adaptive approach may yield value 18-20 times more rapidly than traditional methods.

Conclusions:

• The adaptive BC approach offers a significant acceleration in value realization compared to conventional BC strategies.
• These findings have critical implications for improving preparedness and resilience within organizations and the broader industry.