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BCP project budget

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Guest user Created:   Apr 21, 2017 Last commented:   Apr 21, 2017

BCP project budget

We have a client who requires a BCP end to end plan for a Health care industry and the project is in US. We are from India and not sure about calculating the Budget for a project duration of 4-5 months. The client has requested for a Fixed time pay. Please help us how to calculate the Budget.
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ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

Expert
Rhand Leal Apr 21, 2017

Answer: For budgeting your BCP project you need to specify as much as possible:
- the scope you will have to work on, in terms of customer's organization number of processes, people and locations involved;
- the activities you will perform, such as Business impact analysis, risk assessment, documents elaboration, training, etc.;
- information of previous similar projects you can use as reference

These information will help you estimate how many plans you will need to develop and the people you will need to complete the project in the specified duration.

Roughly speaking, you can consider costs divided this way:
- project plan: 5% to 10%
- diagnostic (BIA, Risk assessment, etc.): 20%
- BCPs elaboration and people training: 50%
- BCP's tests: 20% to 25%

It is important to note that you have to make clear to your client that the costs involved in the implementation of controls related to BCPs (e.g., acquisition of equipment, implementation of new process, etc.) will be available only after BIA and risk assessment.

This article will provide you further explanation about BCP project:
- Business continuity plan: How to structure it according to ISO 22301 https://advisera.com/27001academy/knowledgebase/business-continuity-plan-how-to-structure-it-according-to-iso-22301/

These materials will also help you regarding BCP project:
- Book Becoming Resilient: The Definitive Guide to ISO 22301 Implementation https://advisera.com/books/becoming-resilient-the-definitive-guide-to-iso-22301-implementation/
- How to Budget an ISO 27001 Implementation Project https://info.advisera.com/27001academy/free-download/how-to-budget-an-iso-27001-implementation-project (although you are not planing for a BCMS, the project structure is rather similar).

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Apr 21, 2017

Apr 21, 2017