BCP budgets 'in decline'
Massachusetts – Business continuity planning (BCP) budgets for global financial institutions have either remained flat or declined in 2005, according to a survey by the Tabb Group, the financial services technology consultancy based in Westborough, Massachusetts.
At the 2005 Business Continuity and Corporate Security Conference in New York in mid-March, some BCP managers expressed concern that it was becoming harder to convince companies to keep spending on business continuity.
"Most firms' budgets were flat or declining, with many of them focusing on regulatory initiatives. Any budgetary increase was coming from mergers and acquisitions activity, not an increase in priority. A few of the firms were able to quantify their BCP budgets at around 7–10% of
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