Question

You have just been asked to develop a resource scarcity mitigation plan for your company. What information do you need to know about the resources your company uses? How will you use this information?

(2-3 paragraphs please) (5-6 sentences each)

Answer 1

Solution:

Resource scarcity mitigation plan is an action plan that the companies have ready to implement whenever they face scarcity in their resources which can have a damaging impact on the company's business. This is why it is very much important to have a resource scarcity mitigation plan ready to deal with such a situation and handle the scarcity of the resources effectively. To develop a resource scarcity plan we would need certain information about the resources of the company, we'll discuss what is the information that is very much essential in developing a good resource scarcity mitigation plan.

Firstly, we need to have a list of resources that are actively used in daily businesses operations. We can categorize the resources based on their critically to the daily business operations. We would need to understand the criticality of these resources because it will help us in understanding the resources that are essential to keep the business processes functioning and protect against a full halt to the business operations. Hence, the criticality of the resources helps us in understanding the resources that are extremely essential in keeping the business active and then we can develop our resource scarcity mitigation plan to ensure we are taking care of these critical resources in case of their scarcity to ensure continuos flow of business operations.

The resources business uses helps in deciding what resources we need to focus and what resources we can leverage in case of resource scarcity to overall come up with a plan that will ensure that the business is kept operational with whatever resources we have in the time of resource scarcity. We can also use alternative resources to mitigate the resource scarcity and information about these resources is also important in developing the resource scarcity plan.

Hence, this is the kind of information that is desired from the business about their use of resources and the ways in which we can use these resources to develop an optimised resource scarcity mitigation plan.