So, how do you plan out a budget if there isn’t a set price point?
It starts with taking a look at the factors that affect CMMC compliance cost.
Read: “What is CMMC 2.0 and Does Your Business Need One?”
4 Factors Affecting CMMC Compliance Cost
You will get a good feel for the price point - whether it’ll cost an arm or a leg or maybe just a toe - depending on the following factors:
1. Size
The larger your business, the more moving parts you’ll need to protect. Businesses with 20 employees will have a much easier time (and smaller bill) than a 200-person company.
2. Urgency
How fast do you need to get your company up to speed with CMMC regulations? The quicker you need it, the more you’ll have to pay, as the extra overtime, manpower, and skill required to pull off a fast, seamless certification comes with a hefty price tag.
For companies with generally good IT practices, it takes one to three months for CMMC Level 1 as it’s the simplest of all CMMC compliance requirements. CMMC Level 2 will take an average of one to six months. Meanwhile, it’ll take a year or so for CMMC Level 3 due to government audits and IT coordination.
3. Level of CMMC Needed
Each level of CMMC comes with different requirements, as they each protect different kinds of data. The highest level requires much more stringent requirements than the lowest level, and each added process will push up the budget.
4. Current State of IT
Your current state of IT is the biggest indicator of your possible CMMC bill. Do you already follow IT security best practices? Or have you admittedly put IT on the back burner while you’ve dealt with everything else?
If you already have strong cybersecurity measures in place, it may require fewer changes to become CMMC compliant. On the other hand, if your IT infrastructure is outdated or lacks security measures, it may require more time and money to achieve compliance.
Is CMMC Compliance Worth It?
Whether or not getting CMMC (Cybersecurity Maturity Model Certification) compliance is worth it depends on your specific situation and needs.
CMMC compliance is designed to ensure contractors working with the DoD meet specific cybersecurity standards. If you work with the DoD, then becoming CMMC compliant may be necessary for you to continue doing business with them.
However, even if you don't work with the DoD, becoming CMMC compliant can still be valuable for:
- Enhancing your overall cybersecurity
- Evaluating and improving your organization's cybersecurity practices
- Making you a stronger candidate for customers looking for vendors with solid cybersecurity practice
That being said, becoming CMMC compliant can be a time-consuming and costly process, so it's important to carefully evaluate whether or not it's worth it for your specific situation.
“We have a partner that went with a SOC certification recently,” Harris shared. “They actually have a big client right now. Their client said, if you get this, we will give you this contract. And so, it was a very easy math problem for them. They went, ‘Fine, let's do it.’”
“And so, the costs are not that important. You want to make sure you're always getting the best value for your dollar, but it's in perspective of the business cost.”
Ready to Get a CMMC Compliance Quote & Gap Analysis?
In conclusion, the cost of CMMC compliance is highly subjective. The price point varies depending on factors such as company size, level of urgency, the necessary certification level, and the organization's IT practices.
You can, however, expect to allot a large budget, especially if you’re partnering with a highly reputable managed IT provider.
Ultimately, the decision of whether to pursue CMMC compliance should be based on a careful evaluation of the costs and benefits, as well as your specific needs and circumstances.
This is why as an expert in the cybersecurity field, ITS recommends starting with a thorough gap analysis of your organization.
Start with our free cybersecurity assessment to jumpstart the process and begin the deep dive into your network.
You can also check out our other resources for CMMC:
Topics: