BCP project budget
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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