Tag Archives: control

How a Financial Control System Gets Results

With the implementation of the Sarbanes-Oxley Act (SOX), finance and accounting departments have scrambled to put in place internal control systems as required by SOX section 404. Compliance with SOX and SEC regulations are certainly good reasons for companies to create a financial control system.

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What Are the Final 3 Phases of Project Management?

The first two phases include project initiation and project planning. The final three phases of Project Management complete the Plan, Do, Check, Act (PDCA) cycle or process approach to business process management with Project Execution, Project Monitoring & Control, and Project Review & Close. Continue reading What Are the Final 3 Phases of Project Management?

Is Your Business Organized for Process Improvement?

Have you ever wondered if your organizational structure is hurting your process improvement efforts? Well, chances are your organization chart is having a dramatic effect. It’s not so much your org chart or structure that is the problem but rather the issue is the evolutionary process that your organization has gone through to produce your chart. Continue reading Is Your Business Organized for Process Improvement?

What Types of Processes Exhibit Control?

What is the purpose of a procedure? To decrease variability? To ensure product and process consistency? Well, as you decrease process variability, you increase process control. Management needs control: management control, process control, internal controls, and controlled outputs. Policies and procedures help provide controls that management wants and that regulators or auditors demand. Control is also a crucial element of corporate governance. Do you know the three types of processes that exhibit control? Continue reading What Types of Processes Exhibit Control?

What Is the Difference Between Document Control and Record Control?

The ISO 9001:2015 quality standard has a number of documentation requirements and specifically calls out 7.5 Documented information, which replaces 4.2.3 Control of Documents and 4.2.4 Control of Records in the previous ISO 9001:2008. To understand the difference, first let’s clarify the difference between documents and records. Continue reading What Is the Difference Between Document Control and Record Control?