Debunking myth #4: It gets cheaper and easier
Imagine this: your company has released a Request for Proposal (RFP) for BCM, following management’s decision to invest in an effort to fix a long history of the company’s failed BCM program, or build a new program. The RFP is to implement a mature program with the aim to complete all business impact analyses across your business units, develop company-wide business continuity plans, and train and exercise teams.
Fast-forward two years later, you face a new situation: the program has been implemented, but 25% of your BIAs are now outdated because of a significant re-organization in the company. More than 15% of your plans are still incomplete, and more than 30 people who participate in the BCM program globally are untrained—all amidst a new global threat that was unaccounted for in the planning process. Management is questioning their Return on Investment (ROI). After all this time, where’s the value? They don’t understand why their initial investment didn’t fix these problems, and why the cost to update and maintain the program has not decreased.
After building a foundation for your program, you should certainly expect the maintenance process to cost less than your initial investment to implement BCM. But the level of effort and resources required to maintain your program will never taper off. It will always require sustained effort and resources.
The fine print: Keeping a BCM program alive doesn’t get cheaper or easier over time. In this eBook, we’ll talk about why.
Download It gets cheaper and easier, the fourth myth in Lootok’s series on the five myths of business continuity management (BCM)!