Finance Committee

The Landscape

Although risk management standards are implemented to maximize public safety, business continuity management is fundamentally a financial issue. Despite this, some local governments still have a difficult time rationalizing the need for internal business continuity planning. The reason? Business continuity is like insurance, all financial people see is money being spent, but unless they are able to see a tangible return on the monies invested in robust planning, concepts such as business continuity remain too abstract to justify. Financial people gain a greater appreciation for business continuity if it is properly framed in the context of a business case that focuses on measures such as return on investment and cost benefit analysis. Once the request is put in these terms, financial committees have a much easier time justifying the case for Muni Continuity.

The Benefit

• Muni Continuity contains modules and templates focused on risk management principles used to frame the business rationalization of a plan
• Muni Continuity provides a module that provides the finance committee the tools required to frame the plan in the context of Return on Investment and Cost-Benefit Analysis
• Muni Continuity is designed to get all participants on a uniform platform; by knowing the roles and expectations of others Muni Continuity can be more cost-efficient, as it reduces the chance of duplicating plan components within different planning silos
• By taking a more enterprise-wide approach to risk and continuity, the municipality takes a more structured approach to plan building and effectively enhances its chances of lowering the insurance premiums