Question

Explain whether you agree or disagree with the implementation of alternative procedures

Answer 1

Yes, I agree with implementation of alternative procedures. It is true in all fields. Procedure needs to be cost effective and in support of business requirements. If there is two or more alternatives available, company should consider and compare both.

Prime facie decision maker is cost element but non financial data can also impact the decision.For example: we have to purchase computer and its supported devices and we are having quotation from two vendors like- first vendor is charging 60000+ 2 year warranty+2 year AMC and 2nd Vendor is charging 50000+6 Months warranty+6 Monts AMC. and additional 1 year Warranty+1 year AMC needs to pay 11000. Now the question is if we have to select 1 vendor on the basis of above data available we will select vendor-2 only based on financial data. If we compare non financial data too, then the First vendor is more preferable as he is giving more support. Vendor-1=60000, vendor-2=50000+11000/1*1.5=66500, this results in cost saving of $ 6500. So this is true in all aspects, To run a business successfully, Alternative procedures needs to be considered.

Like in Information Technology, Business always take into consideration all the threats and measures to recover from that. A proper Disaster Recovery Plan keep in place to avoid all the disaster and all the alternative procedures keep ready to continue the business smoothly in that situation too.