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Volume 31, Issue 1

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Friday, 08 December 2017 15:17

How to Create a Budget for Your Business Continuity Program

Okay, everyone, raise your hand if you looked at the headline of this article and thought, “Wait a second, why is Herrera writing about my business continuity budget when everybody just finished doing them? Could his timing possibly be worse”?

Actually, my timing could hardly be better, and I’ll tell you why.

The worst way to devise your BCM program budget is to do it in a rush just before it’s due. The best way—the way that is mostly painless and delivers the most accurate, realistic, and defensible result—is to work on it bit by bit over the course of the year. I’ll explain what I mean in a minute. For now, just take it on faith that the time to start thinking about your next BCM budget is now.

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https://bcmmetrics.com/business-continuity-budget/