Resource Capacity Planning
Objective - to provide guidance for enhancing the approach and documentation relating to Citi AML Consent Order project plans for a few areas where there have been questions, observations and gaps. This guidance is intended to assist in minimizing questions and feedback in areas that are common.
· Definition
· Capacity planning is an approach that enables entities to efficiently and effectively oversee operations – whilst taking into consideration the finite nature of resources.
· The relevance of capacity planning when it comes to the determination of optimal utilization of resources cannot be overstated. This is more so the case given that it plays a key role in the decision making process, especially when it comes to capacity plan execution.
· Benefits of Capacity Planning
· Capacity planning comes in handy in seeking to avert resource imbalances and resource misallocation.
· Capacity planning is key in the development of an optimal solution set by enhancing flexibility in the analysis of ‘what-if’ scenarios.
· Capacity planning enables entities to determine operational limits so as to better define frameworks within the prevailing constraints (both human and nonhuman).
· Capacity planning enhances control and visibility. Competence is critical in the execution of tasks and for this reason, capacity planning essentially standardizes an entity’s resource management processes so as to ensure that competence becomes a great efficiency source as opposed to a great cost.
· Creating the Resource Capacity Plan
· Assumptions - In the initial phase, capacity planning begins with assumptions since there are many variables and the amount of work to be completed cannot be accurately estimated beforehand.
· Identify assumptions. All angles of the assumed factors ought to be covered. Factors to be highlighted here have got to do with the relevance and completeness of training materials and...
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