Recovery time in minutes for critical operations after a risk event

This measure calculates the average recovery time in minutes for critical operations after a risk event. This Cycle Time measure is intended to help companies analyze this duration related to the function "Manage Enterprise Risk, Compliance, and Resiliency".

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
110876
Total Sample Size:
2,477 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No
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Units for this measure are minutes.

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Recovery time in minutes for critical operations after a risk event

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (7.4)

  • 11.1 - Manage enterprise risk (17060)
    • 11.1.1 - Establish the enterprise risk framework and policies (16439)
      • 11.1.1.1 - Determine risk tolerance for organization (16440)
      • 11.1.1.2 - Develop and maintain enterprise risk policies and procedures (16441)
      • 11.1.1.3 - Identify and implement enterprise risk management tools (16442)
      • 11.1.1.4 - Coordinate the sharing of risk knowledge across the organization (16443)
      • 11.1.1.5 - Prepare and report enterprise risk to executive management and board (16444)
    • 11.1.2 - Oversee and coordinate enterprise risk management activities (16445)
      • 11.1.2.1 - Identify enterprise level risks (16446)
      • 11.1.2.2 - Assess risks to determine which to mitigate (16447)
      • 11.1.2.3 - Develop risk mitigation and management strategy and integrate with existing performance management processes (16448)
      • 11.1.2.4 - Verify business unit and functional risk mitigation plans are implemented (16449)
      • 11.1.2.5 - Ensure risks and risk mitigation actions are monitored (16450)
      • 11.1.2.6 - Report on enterprise risk activities (16451)
      • 11.1.2.7 - Coordinate business unit and functional risk management activities (16452)
      • 11.1.2.8 - Ensure that each business unit/function follows the enterprise risk management process (16453)
      • 11.1.2.9 - Ensure that each business unit/function follows the enterprise risk reporting process (16454)
    • 11.1.3 - Manage business unit and function risk (17462)
      • 11.1.3.1 - Identify risks (16456)
      • 11.1.3.2 - Assess risks using enterprise risk framework policies and procedures (16457)
      • 11.1.3.3 - Develop mitigation plans for risks (16458)
        • 11.1.3.3.1 - Assess adequacy of insurance coverage (18129)
      • 11.1.3.4 - Implement mitigation plans for risks (16459)
      • 11.1.3.5 - Monitor risks (16460)
      • 11.1.3.6 - Analyze risk activities and update plans (16461)
      • 11.1.3.7 - Report on risk activities (16462)
  • 11.2 - Manage compliance (17467)
    • 11.2.1 - Establish compliance framework and policies (17468)
      • 11.2.1.1 - Develop enterprise compliance policies and procedures (17469)
      • 11.2.1.2 - Implement enterprise compliance activities (17470)
      • 11.2.1.3 - Manage internal audits (14133)
      • 11.2.1.4 - Maintain controls-related technologies and tools (14137)
    • 11.2.2 - Manage regulatory compliance (16463)
      • 11.2.2.1 - Develop regulatory compliance procedures (16464)
      • 11.2.2.2 - Identify applicable regulatory requirements (16465)
      • 11.2.2.3 - Monitor the regulatory environment for changing or emerging regulations (16466)
      • 11.2.2.4 - Assess current compliance position and identify weaknesses or shortfalls therein (16467)
      • 11.2.2.5 - Implement missing or stronger regulatory compliance controls and policies (16468)
      • 11.2.2.6 - Monitor and test regulatory compliance position and existing controls (16469)
      • 11.2.2.7 - Compile and communicate compliance scorecard(s) (19595)
      • 11.2.2.8 - Compile and communicate internal and regulatory compliance reports (19596)
      • 11.2.2.9 - Maintain relationships with regulators as appropriate (16470)
  • 11.3 - Manage remediation efforts (11185)
    • 11.3.1 - Create remediation plans (11201)
    • 11.3.2 - Contact and confer with experts (11202)
    • 11.3.3 - Identify/dedicate resources (11203)
    • 11.3.4 - Investigate legal aspects (11204)
    • 11.3.5 - Investigate damage cause (11205)
    • 11.3.6 - Amend or create policy (11206)
  • 11.4 - Manage business resiliency (11216)
    • 11.4.1 - Develop the business resilience strategy (11221)
    • 11.4.2 - Perform continuous business operations planning (11222)
    • 11.4.3 - Test continuous business operations (11223)
    • 11.4.4 - Maintain continuous business operations (11224)
    • 11.4.5 - Share knowledge of specific risks across other parts of the organization (16471)