Level of FTE experience in years for the process group "manage business resiliency and risk"

This measure calculates the average level of experience, measured in years, for FTEs who perform the process group "manage business resiliency and risk". The process group "manage business resiliency and risk" includes [Including the processes required to rapidly adapt and respond to any internal or external opportunity, demand, disruption, or threat. Develop a more dynamic, strategic, and integrated approach to managing compliance obligations.]. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process group "Manage business resiliency and risk".

Benchmark Data

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Measure Category:
Process Efficiency
Measure Id:
100831
Total Sample Size:
106 All Companies
Performers:
25th
– Median
– 75th
–
Key Performance
Indicator:
No

Compute this Measure

Units for this measure are years.

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Average level of experience in years for FTEs who perform the process group "manage business resiliency and risk"

Key Terms

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FTE - (full-time equivalent employee)

To calculate the number of full-time equivalents employed during the year for each respective process or activity, you must prorate the number of employees and the hours spent performing each process/activity. Assume that a full-time worker represents 40 hours per week. Provide the average number of full-time equivalents employed during the year for each respective process. Include full-time employees, part-time employees, and temporary workers hired during peak demand periods. Allocate only the portion of the employee's time that relates to or supports the activities identified for an applicable process. Prorate management and secretarial time by estimating the level of effort in support of each activity, by process.

For example, a part-time secretary in the finance department for XYZ, Inc. charges all of his time to finance department activities. He works 20 hours per week. The secretary splits his time evenly supporting employees working in the general accounting process and the financial reporting process. Thus, his time should be allocated by process. So, if he works throughout the year and supports these two processes, his time would be split evenly as:

20hrs/40hrs = .5FTE * 50% for general accounting = .25FTE for general accounting

20hrs/40hrs = .5FTE * 50% for financial reporting = .25FTE for financial reporting

Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Measure Scope

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Cross Industry (7.3.0)

  • 11.4.1 - Develop the business resilience strategy (11221) - Creating a strategy for rapidly adapting to disturbances. Maintain continuous business processes and protecting employees, assets, and overall brand equity.
  • 11.4.2 - Perform continuous business operations planning (11222) - Developing plans to ensure continuous business operations.
  • 11.4.3 - Test continuous business operations (11223) - Assessing ongoing activities within the organization that are not intended to stop except for in an emergency.
  • 11.4.4 - Maintain continuous business operations (11224) - Evaluating business operations. Determine which activities generate revenues, perform best, and provide good returns.
  • 11.4.5 - Share knowledge of specific risks across other parts of the organization (16471) - Sharing information about risks and resilience strategies of business operations across the organization so that prospective risks can be avoided.