Today we reflect on our past and rejoice at a happy day of Independence. Have a warm and fun-filled Fourth of July!
Quality control (QC) is a process through which a business seeks to ensure that product quality is maintained or improved with either reduced or zero errors.
Every business struggles at times with ensuring that its services meet the highest standards of quality and customer satisfaction. For the next several weeks, we will discuss quality control and why it matters.
The ability to manage significant risks effectively is an increasingly critical success factor for all organizations. Badly informed or poorly executed risk management, on the other hand, can easily spell disaster.
Risk identification is the process of determining risks that could potentially prevent the program, organization, or investment from achieving its objectives. It includes documenting and communicating the concerns.
“As a member of management, a board member or finance professional, you will eventually ask or be asked, “What are the risks….?” or “Can you tell me the probability of success…? A sensitivity analysis is a way to quantify the risks.”
“Many times Board members ask, “What is my role?” or “How can I be effective as a Board member?”. The Governance Operating Model can help answer these questions.”
“A natural disaster, security breach or equipment failure is unpredictable and devastating. In order to ensure the continuity of your organization, a post-incident review should be an important component of your disaster recovery planning”
Risk analysis is the process of identifying and analyzing potential issues that could negatively impact key business initiatives or critical projects in order to help organizations avoid or mitigate those risks.
Debt covenants are agreements between a company and its lenders that the company will operate within … A debt covenant violation is a breach of contract.