The ongoing global economic crisis is having a severe impact on business continuity management (BCM), in the United States and elsewhere. Senior managers are being downsized to cut head count and compensation costs. Recovery projects and enhancements are being delayed or canceled altogether as IT budgets are slashed.
But there is some good news: Gartner continues to hear that enterprises are focusing more on recovery planning. Why? Because it’s becoming clear that this crisis is highlighting a heightened risk exposure in many enterprises and therefore is the event everyone should have been preparing for all along.