WEBINAR ON IDEF AS A FRAMEWORK FOR BUSINESS PROCES 2016 - Measuring and Monitoring Risk, Control and Compliance Management - By Compliance Global Inc

Website https://complianceglobal.us/product/700479/MalcolmSchwartz/Measuring-and-Monitoring-Risk-Control-and | Edit Freely

Category Education; E-Learning

Deadline: July 26, 2016 | Date: July 26, 2016

Venue/Country: Online Webinar, U.S.A

Updated: 2016-07-01 13:59:56 (GMT+9)

Call For Papers - CFP

Any management process involves measuring and monitoring – so it is with risk, control and compliance management. To do so effectively and efficiently, think of the three topics as one, as integrated, and as related to the outputs of business processes.

So, we begin by reviewing the typical business process framework, in the context of, and interacting with, outside related parties. These interactions are the bases for risk and compliance, and the organization’s responses are the basis of control, so that defines the range of process outcomes, of process outputs, and whether these ranges are acceptable from the standpoint of both internal and external compliance, and internal control.

This webinar will review and define more fully this business process framework and typical business processes, and how they should be monitored and measured in regard to risk, control and compliance.

Tools will be described and their uses will be illustrated. Examples will be provided to illustrate and show practical approaches that organizations have used successfully.

In closing, recommended actions for measuring and monitoring an integrated approach to risk, control and compliance management will be presented.

Why Should You Attend:

You should attend if you are afraid of stakeholder reactions to the bad press from such matters as auditor comments about poor control, of regulator comments and ensuing actions due to compliance issues, and/or of unexpected performance problems due to failures to mitigate risks effectively or failures to anticipate risks.

Building monitoring into all business processes, and having in place objective means of measuring and reporting on monitoring of risk, control and compliance can reduce the concerns about exposures to bad press.

Beyond bad press are the fears and uncertainties of internal disharmony due to the inability of cross-functional teams to get the results desired from their efforts to manage risk and compliance. Cross-functional teams are the approach used by many organizations to address these matters, but there is a better answer, deriving from a business-process approach to managing risk, control and compliance. This approach will be presented in this webinar.

Uncertainty is built into risk, because the consequences of the causes of risk are shaped by the possibility of future events and the conditions that result from them. Effective risk management can mitigate this uncertainty, by incorporating effective measuring and monitoring -- and, of course, effective planning (which also should be monitored) – into business processes.

Some people feel that being able to measure the level of risk, control and compliance management is uncertain, and doubt that it can be done. However, if objective and relevant measures are applied to the outcomes – the outputs -- of business processes, then it is likely that these matters can be monitored, and reported, in a way that the organization will be more comfortable with its exposures to fears, uncertainties and doubts.

Areas Covered in this Webinar:

An integrated view of the work can be documented in related policy and procedure, which should identify the who, what, why, where, when and how—or said more completely, who does the work, how the work is done, why the work is done, where the work is done, when the work is done, and what "the work" is.

The webinar will present IDEF as a framework for each activity of a business process, as well as a composite framework for the overall set of business processes. For this, the webinar will present Michaels Porter’s value chain of nine process sets – five in what he calls the value chain, and four process sets in what he identifies as infrastructure.

From that, the webinar will use those nine process sets to dig down, through several levels of specificity, to components of each process set, down to activities, in many cases. These activities and their flows -- the who, what where, when, why and how -- will be defined in general, in what is called the logical design -- and then can be tailored to the conditions of the specific enterprise -- in what is called the physical design -- and then can be connected to each other because the output of one activity can become the input to another activity, and it is that output where risk, control and measuring and monitoring can reside, where compliance management is. Relevant metrics -- key control indicators – will be presented and examples of their use will be described.

The webinar will look more closely at how business processes can be defined and organized, to shape measuring, monitoring and managing.An organization has three types of related and reinforcing business processes: design processes for defining and directing what is to be done, execution processes for doing what is to be done, and monitoring processes – is for confirming that by doing “it,” the intended results are achieved.

This categorization of process types and the processes themselves can shape the table of contents for policies and procedures dealing with measuring and monitoring.

Such a manual can help youto determine -- by applying the tools to the areas discussed -- that all of the components of an activity are appropriate, evident and consistent, and if they link well to the preceding and the following activities.

In effect, this framework can establish the basis – the content -- for each page of the compliance procedures manual.

Learning Objectives:

Learn how to apply business-process design, measurement and monitoring – business-process management – for risk, control and compliance management

Learn why this approach is more effective and efficient than functional management

Who Will Benefit:

Leaders and Members of Cross-functional Teams dealing with:

Risk

Control

Compliance Management

Operations

Accounting/IT/Auditing

Line and Staff Personnel

For more information, please visit : https://complianceglobal.us/product/700479/MalcolmSchwartz/Measuring-and-Monitoring-Risk-Control-and-Compliance-Management/1

Email: supportcomplianceglobal.us

Toll Free: +1-844-746-4244

Tel: +1-516-900-5515

Level:

Intermediate

Speaker Profile:

Until his recent retirement from PwC, Mr. Schwartz had been the partner responsible for the consumer products industry management consulting practice in its Eastern Region. He also had led the financial management practice. Previously, Mr. Schwartz was a senior vice president of Booz, Allen & Hamilton Inc., playing lead roles in the financial management, risk and controls, operations management, systems, and telecommunications practices; and had been responsible in the Eastern Region for the financial management services practice and for the administrative management services practice; and had been CFO. Typical consulting projects that he led include:

Revising the organization, processes and systems of a major consumer products manufacturer, resulting in share and service gains, and cost and asset reductions

Reengineering the supply chain -- including demand management and communication, planning and scheduling, operations improvement and supplier synchronization, and strategic sourcing -- for a household products company

Designing and installing a process-based controls approach for a global confectionery and foods company

Mr. Schwartz also has had extensive industry experience, including:

Manufacturing, industrial engineering, and cost control at Procter & Gamble.

Controller, treasurer, industrial engineering management, physical distribution management, and division management positions with International Silver Company, the housewares products subsidiary of Insilco Corporation.

With Westinghouse Electric Corporation, staff vice president for finance and operations of the Leisure Industries Group; and then executive vice president of Longines-Wittnauer Direct Marketing Company, the direct mail division.

Mr. Schwartz also served in the U.S. Navy Civil Engineer Corps, concentrating in public works administration, construction project management, housing construction and administration, and transportation management.

Mr. Schwartz has written and spoken on governance, risk management, internal control, financial management, and productivity; and has been an expert witness on industry and organization structure; and has addressed international audiences on controlling investments and productivity, risk management and controls, activity-based costing, and organization design; and has been contributing financial editor to technical journals. At PwC, he developed and led the activity-based costing practice; supported the development of business process reengineering; led the transition integration effort to create PwC from two separate firms, was one of the principal authors of Internal Control - Integrated Framework (ICIF); developed the risk assessment tools for the in-control practice; and developed related training for the for the audit and attest practices. He was on several COSO task forces developing guidelines for using ICIF.

He received a BSE degree with honors from Princeton University, majoring in civil and general engineering, and was elected to Phi Beta Kappa. Also, he won the Class of 883 English Prize for Freshmen in the School of Engineering. His undergraduate thesis was on “The Competitive Bid Construction Contract.”