EXECUTIVE SUPPORT
Selling the Business Continuity
Case to Executive Management
By STACY GARDNER
If your organiza- tion has not already invested in business continuity, selling the “business conti- nuity” business case
to executive management
can be difficult. Many
believe that since they’re
already paying for insurance, investing in business continuity is paying for the same end result
twice. However, getting management
committed to the concept and requisite
investment can often depend on how you sell
the benefits, focus on your audience’s key priorities, and keep the pitch realistic and relevant. This article
summarizes specific topics and techniques to help management
see the value business continuity can bring to your organization.
Understand Potential Drivers and Selling Points
Benchmark Competitors/Industry Comparisons
any possible insight
into your competitor’s
business continuity programs or capabilities.
Some organizations
publish their capabilities on their Web site or
have personnel speak
at business continuity
conferences. It can also be
helpful to stay aware of industry
news, as disruptive incidents often
make local, national, and industry
news coverage, depending on the severity of interruptions. Monitoring realistic
events that affect your industry not only brings
realism to threat-related discussions, but they can also
help management understand some of the impacts that can befall
an organization. Depending on the depth of public information
available and the organization’s performance following the event,
competitor events can highlight positive effects of readiness or
negative consequences of being unprepared to respond, recover,
and communicate with stakeholders.
Outline the Benefits of Business Continuity
While organizations cannot predict whether or not they will
experience a disruptive incident, there are many benefits that
result from investing time and resources in business continuity
planning. The risk assessment process, for example, helps organizations analyze potential threats, impacts and downtime to
understand true exposure to threats – enabling decision-making
on appropriate risk mitigation actions (particularly on single
points of failure that can impact product or service delivery) or
acceptance of the associated risk. Conducting a business impact
analysis (BIA) helps organizations develop a deeper and clearer
understanding of their most critical products and services, business activities, resources (tangible and intangible), and inter-dependencies between business activities and technology,
equipment, suppliers, and personnel. The BIA process also aids in
understanding stakeholder expectations and potential monetary,
reputational, and operational impacts, which can help create a
“prioritized and justified” roadmap to recovery. This roadmap can
help apply limited resources to the most time-sensitive or priority
areas following a disruption.