Activity 1 Describe the purpose of the operational plan and describe its relationship to the strategic plan. An operational plan sets specific projects or activities (consistent with the strategic plan) that will be conducted, and the timetable and resources needed for completing those projects or activities is a detailed document that outlines how the organisations strategic goals are able to be achieved. They are known as action plans or tactical plans. Whilst a Strategic plan is the process of comprehensive, integrative program planning that considers, at a minimum, the future of current decisions, overall policy, organisational development, and links to operational plans. An operational plan will include details of: •
Work Breakdown Structure (WBS) will breakdown project scope and requirements into groups of component tasks that will be manageable Schedule Management Plan will provide a process to gather, analyze, develop and control the schedule of project activities. Given the specific requirements for resource scheduling and lessons learned from previous project, it will be important to align the schedule to resource availability and
Explain your answer. ACC 544 Week 3 Individual Assignment Checklist for Evaluating Internal Controls Prepare a comprehensive checklist for evaluating internal controls. Apply the checklist to outline phases of the control evaluation. Discussion Questions What are some major components of an internal control system? Are these components always necessary?
Course Team Project – Week 6 Report CanGo: Analysis and Recommendations Team B Dr. Kevin Hagans Devry University: Senior Project 10/13/2012 1. Problem: Company appears to be disorganized when it comes to internal structure and processes. Recommendation: To improve their managerial structure, CanGo needs to allocate resources and manage dependencies. According to a Harvard Review article written by Bob Frisch (2012), research shows that in business cases, companies often sail though the senior team meetings without those in attendance knowing exactly what they’re signing up for because senior executives already have an execution plan for what they want senior team members to accomplish. Liz and Warren need to make sure that projects are prioritized, assign who is responsible for what part of each project.
Assessment 1- Using AS/NZS ISO 31000:2009 Risk Management- Principles and Guidelines, define risk management. Risk management by definition is ‘coordinated activities to direct and control an organisation with regard to risk (Standards Australia 2009, p.2), herein known as ‘the Standard’. The Standard further defines the components which deliver a framework with which organisations can effectively manage risk. There are several principles of risk management which form the basis of this framework. These principles emphasize that the Risk Management process:- • Creates and protects value to the organisation • Is integral to all organisational processes • Forms part of the decision making process • Addresses uncertainty • Is systematic, structured and timely • Is based on the best available information • Is tailored • Takes into account human and cultural factors • Is transparent and inclusive • Is dynamic , iterative and responsive to change and • Facilitates continuous improvement Risk management requires a framework of design, implementation and monitoring to ensure its effectiveness in an organisation, through the development of a risk management plan.
Customer service was not what it used to be, and customers were not happy. When they called to place an order they had to wait in a queue for their calls to be answered. The products were not the same due to the change in companies, and the quality was nothing compared to what the customers were used to. Over the next few months the vitamin lines decided to start processing their business with another company and new overhead. Today the vitamin line as well as the newsletters are up and thriving as a company under a different management
Rachelle Hudson EC321 Money and Banking Federal Reserve Assignment 1. What was the result of the meeting? The meeting went as planned they confirmed the pace of recovery in output and unemployment still continues to be slow. Business spending is rising on equipment and software. Employers are still reluctant to add people to their payroll.
Establishing the possibility and type of damage or threats that relates to the sensitive nature of the customer information. 3. Means to control the risks with regards to the direction of the policy and procedures that are created specific to customer information type systems. 4. All steps in the proper disposal of customer’s information should be applied.
A complete discussion of the vulnerabilities and recommended safeguards are found in this report. If the safeguards recommended in this risk assessment are
The team’s ultimate goal is to produce a working document in the form of a risk analysis that will assist management in allocating appropriate resources. Appendix F shows examples of the key personnel that should support and participate in the risk assessment and management