It Operations, Controls, Reporting, and Maintenance

In: Computers and Technology

Submitted By CHROMADDICT
Words 1574
Pages 7
12
ITM423
IT operations, controls, reporting, and maintenance

12
ITM423
IT operations, controls, reporting, and maintenance

As a project manager in charge of a specific project, management will look no further than your desk should the project fail. The project manager is accountable overall for the status and the success of the project. Upper management will not care if external factors caused the project to fail they will only see the money the company has lost and look to you for answers. For this reason, and many others an effective project manager should build project controls into their project as the work progresses. “Project Controls encompass the people, processes and tools used to plan, manage and mitigate cost and schedule issues and any risk events that may impact a project” (projectcontrolsonline.com). Implementing project monitoring and control measures allows the project manager to effectively understand and communicate the project’s progress (R, 2009). In order to effectively monitor and control a project the project manager must work towards promoting a culture of accountability and responsibility while cementing their authority. Maintaining effective accountability for a project starts with the organization, supervisor, or the person that assigns the project to the project manager. It is their responsibility to effectively communicate to the project manager the level of “authority they will be given for each project they manage (Charvat, 2002)”. Problems such as “conflict, confusion, and communications (Charvat, 2002)”can result from a lack of direction at the outset of the project. It is then up to the project manager to determine whether the appropriate level of authority has been bestowed given the complexity of the project. Most projects span multiple departments; the project manager cannot effectively complete their…...

Similar Documents

Section 5 Internal Control over Financial Reporting

...internal control Qver Financial Reporting CASES INCLUDED iN THIS SECTiON 1. Simply Steam, Co. 155 Evaluation of Internal Control Environment 2. Easy Clean, Co. 155 Evaluation of Internal Control Environment 3. Red Bluff Inn & Café 165 Establishing Effective Internal Control in a Small Business 4. St. James Clothiers 169 Evaluation of Manual and IT-Based Sales Accounting System Risks 5. Collins Harp Enterprises 177 Recommending IT Systems Development Controls 6. Sarbox Scooter, Inc. 185 Scoping and Evaluation Judgments in the Audit of Internal Control over Financial Reporting 7. Société Générale 195 How a Low-Risk Trading Area Caused a $7.2 Billion Loss case5.!-2 Easy Clean/Simply Steam, Co. Evaluation of Internal Control Environment Mark S. Beasley • Frank A. Buckless • Steven M. Glover • Douglas F. Prawitt INSTRUCTIONAL OBJECTIVES 1] To reinforce aspects relevant to the internal control environment. 2] To illustrate the degree of judgment involved in making internal control environment evaluations. 3] To provide students experience in making subjective evaluative judgments. 4] To provide a forum to discuss inquiry techniques as well as inquiry as a form of audit evidence. 5] To provide students direct experience with, and discovery of, issues surrounding the control environment, making inquiries, and the framing (e.g., positive or negative) of information provided by management. 6] To......

Words: 23599 - Pages: 95

Controls for Information Technology and Reporting and Evaluation

...Controls for Information Technology (IT) and Reporting and Evaluation Jami L. Valek ACC-544 January 28, 2013 Christine Errico Controls for Information Technology (IT) and Reporting and Evaluation Information Technology (IT) controls are activities that are specifically performed to ensure that business objectives are met through the use of people and systems. IT control objectives are related to the business enterprise’s confidentiality, integrity, availability of data, and the overall management of the IT functions. There are two types of IT controls: IT general controls, which are controls over the IT environment, computer operations, access to programs and data, program development and program changes; and IT application controls, which refer to transaction processing controls (“Information Technology Controls”, 2013). IT General Controls are the foundation of a company’s IT control structure. With IT General Controls, data that is generated can be deemed more reliable and assertion that systems are operating as intended is supported. IT General Controls usually include controls that are designed to: * Shape the corporate environment through control environment; * Ensure that changes are authorized and meet business requirements through changes in management procedures; * Protect the integrity of program controls through source code/document version controls procedures; * Ensure effective management of IT projects through software development......

Words: 507 - Pages: 3

Operations Planning & Control

...25-03-2014 Submission Time: 5:00PM Operations Planning & Control A Project On Operations at Nadikattu Cotton Industries [pic] Submitted to Mr.Syed Habeeb, School of Management, NIT Warangal. Submitted By Arjun S – 138906 Heeralal B - 138907 Asha Latha Balivada-138908 Suresh Bandaru-138909 Himaja-138910 CERTIFICATE This is to certify that the project report “Operations at Nadikattu Cotton Industries” submitted by Arjun S, Heeralal B, Asha Latha B, Suresh B and Himaja B students of “NIT WARANGAL” MBA 1st year, batch 2013-2015, bonafide work carried out by them. During their tenure at the project, they were found to be sincere and meticulous in their work. I appreciate their enthusiasm and dedication towards the work assigned to them. I am hopeful that they will prove to be a good professional and wish them grand success for the future. DATE: 25.03.2014 COURSE INSTRUCTOR: Syed Habeeb Faculty, NIT Warangal. INDEX ABSTRACT 1. INTRODUCTION 6 1.1 PRODUCTION PROCESS 1.2 INVENTORY MANAGEMENT 2. ABOUT NADIKATTU COTTON INDUSTRIES 7 3. INFRASTRUCTURE 7 3.1 INFRASTRUCTURE AND QUALITY 3.2 FACT SHEET 3.3 NEWS 4. ENUMAMULA VILLAGE, WARANGAL 10 4.1 ABOUT ENUMAMULA 4.2 DEMOGRAPHICS OF ENUMAMULA 5. OPERATIONS AT NADIKATTU COTTON......

Words: 1957 - Pages: 8

Acc 544 (Controls for It and Reporting) Complete Class

...ACC 544 (Controls for IT and Reporting) Complete Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-544-Controls-for-IT-and-Reporting-Complete-Class-1369.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com ACC 544 Week 1 Recommendation Brief for an Internal Auditor An internal auditor certifies a company’s financial statements are timely, relevant, and reliable. According to the American Accounting Association (1973), “Auditing is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users.” Internal auditing assists a company minimize business risks by satisfying the demand of timely, relevant, and reliable information. The following are four environmental conditions that increase user demand for relevant and reliable information: (1) Complexity, (2) Remoteness, (3) Time sensitivity, and (4) Consequences. Complexity Currently, transactions and events are far more complex, in a way that decision makers and investors do not have the expertise to handle them. However, a professional such as an internal auditor is trained to accumulate, gather, and sum up the crucial operating information on his or her own. An internal auditor has the expertise...

Words: 2063 - Pages: 9

Production Operations Control

...$4,260, India is $1,340, and Mexico is $9,330.” In comparison, The World Bank (2012), “shows average annual gross national incomes for wealthier country’s wage earners of France is $42,390, United Kingdom is $39,520, and the United States at $47,140.” This makes it very easy to understand why companies are relocating to countries with lower income workers in order to cut cost, be more competitive and create higher profits. There will still be numerous cultural and local labor requirements for these lower paid local workers that generally will occupy entry level, production or lower to middle management positions. The more upscale positions of upper management, general managers or director positions, which are in charge of facility operations are sometimes filled with local or host country applicants and wages normally are in comparison to country standards. Although, in many situations when a host country of the facility is not the home country headquarters, these upper management positions are filled by experienced expatriate personnel that require numerous pay differences and additional expenses, above the labor cost of host country employees. An expatriate employee would be someone who temporarily works in another country other than their legal residence, home or native country. J. Daniels, L. Radebaugh and D. Sullivan (2011) discuss numerous possible expenses for expatriate employee cost of “base salary, foreign-service premium, hazardess location pay,......

Words: 2645 - Pages: 11

Controls for Information Technology and Reporting and Evaluation

...Controls for Information Technology and Reporting and Evaluation April Keller ACC/544 Instructor: September 11th, 2009 Controls for Information Technology The success of a business is determined by how effective its managers are in managing risk. Therefore, acquiring effective risk management helps to protect the company from losses because of poor accounting practices as well as fraudulent activities. Using good controls protect managers from liabilities that may arise when certifying financial statements used in annual reports because when these reports are issued, they are also a reflection of the company’s internal controls. The internal control process begins with management and the attitude that management portrays through the company. Manager duties include implementing the policies and procedures used within the company, these policies and procedures are also used to build the structure which is found within the internal control environment. Internal Control Reporting Options An audit report has three general functions used to report a company’s financial statements. These reports indicate whether the financial statements are presented in conformity with generally accepted accounting principles. Auditors use their reports to highlight any unusual aspects of the audit examination, and the reports can be used to communicate useful information to decision makers that may not appear on the face of the financial statements. Internal......

Words: 730 - Pages: 3

Treatise on Truck Maintenance for Mining Operations

...Treatise on Truck Maintenance for Mining Operations Bob Grossman Fa Cai Enterprise LLC March 22, 2015 Abstract: Truck maintenance represents a significant proportion operating costs in mine maintenance operations. Despite the large cost of truck maintenance, most management teams have given little attention to the optimization of the truck maintenance process. As the truck systems becomes more sophisticated and expensive to produce by the Original Equipment Manufacturers so has the sophistication to effectively maintain the truck systems by the end user. Given that most easy mining operations have been found and exploited and that the ore bodies that are increasing difficult to mine are left; it is vital that optimization of the truck maintenance is done. This documents highlights the types of maintenance practices used: reactive, proactive, preventative and predictive. Introduction: Truck maintenance related costs account in the range of 20-25 percent of direct mining cost. Whilst a significant amount of energy has been dedicated to analyzing and optimizing production oriented processes and practices. Very little attention has been focused towards the optimization of the truck maintenance process and practices. Truck maintenance is a controllable cost and large cost reductions and improvements in equipment reliability, performance may be achieved through implementation of a rationalized truck maintenance approach. The implementation of truck maintenance......

Words: 1656 - Pages: 7

Operation Control

...|Option |Advantages |Disadvantages |Some Comments | |Changing inventory levels |Changes in human resources are |inventory holding cost may |Applies mainly to production, | | |gradual or none; no abrupt |increase. Shortages may result |not service, operations. | | |production changes. |in lost sales. | | |Varying workforce size by |Avoids the costs of other |Hiring, layoff, and training |Used where size of labor pool | |hiring or layoffs |alternatives. |costs may be significant. |is large. | |Varying production rates |Matches seasonal fluctuations |Overtime premiums; tired |Allows flexibility within the | |through overtime or idle time |without hiring/ training costs.|workers; may not meet demand. |aggregate plan. | |Sub-contracting |Permits flexibility and |Loss of quality control; |Applies mainly in production | | |smoothing of the firm’s output.|reduced profits; loss of future|settings. | | | |business. | | |Using part-time workers |Is less costly and more ......

Words: 742 - Pages: 3

Operation Control

...|Option |Advantages |Disadvantages |Some Comments | |Changing inventory levels |Changes in human resources are |inventory holding cost may |Applies mainly to production, | | |gradual or none; no abrupt |increase. Shortages may result |not service, operations. | | |production changes. |in lost sales. | | |Varying workforce size by |Avoids the costs of other |Hiring, layoff, and training |Used where size of labor pool | |hiring or layoffs |alternatives. |costs may be significant. |is large. | |Varying production rates |Matches seasonal fluctuations |Overtime premiums; tired |Allows flexibility within the | |through overtime or idle time |without hiring/ training costs.|workers; may not meet demand. |aggregate plan. | |Sub-contracting |Permits flexibility and |Loss of quality control; |Applies mainly in production | | |smoothing of the firm’s output.|reduced profits; loss of future|settings. | | | |business. | | |Using part-time workers |Is less costly and more ......

Words: 742 - Pages: 3

Operation Control

... Unit Number: Unit 34: Operations Management in BusinessAssessor/Tutor : Nicholas Kelly | Registration Number : GCD 3389Learners Name: Kondwani MandeInternal Verifier (s) : Tracey Gallagher | | | Contents OPERATION MANAGEMENT IN LARGE BUSINESS 3 McDonald’s 3 Business Model 3 Mission Statement 4 Vision 4 SWOT Analysis 4 Learning Outcome 1: Understand the nature and the importance of Operations Management 8 1.1 The importance of operational management 8 Examples of operations management in McDonald’s 9 1.2 Assess the operations management in terms of production of goods and services safety, on time, low cost, quality and within the law 11 Production of goods and services safely 11 Production of goods and services on time 12 Low cost 12 Quality and within the law 13 1.3 Significance of links between operation management and strategic planning 14 1.4 Operations management system diagram 17 2.1 The impact of “Three E’s” (Economy, Efficiency and Effectiveness) make on operations management 18 Economy 18 Efficiency 18 Effectiveness 19 2.2 Identify any measure adopted for cost minimization and quality maximization 19 Measures for cost minimization and quality maximization 21 2.3 Evaluation of the significance of the five performance objectives 22 Learning Outcome 3: Understand how to organise a typical production process 25 3.1 How linear programming can assist to make operations management more......

Words: 12135 - Pages: 49

Acc 544 (Controls for It and Reporting) Complete Class

...ACC 544 (Controls for IT and Reporting) Complete Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-544-Controls-for-IT-and-Reporting-Complete-Class-1369.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com ACC 544 Week 1 Recommendation Brief for an Internal Auditor An internal auditor certifies a company’s financial statements are timely, relevant, and reliable. According to the American Accounting Association (1973), “Auditing is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users.” Internal auditing assists a company minimize business risks by satisfying the demand of timely, relevant, and reliable information. The following are four environmental conditions that increase user demand for relevant and reliable information: (1) Complexity, (2) Remoteness, (3) Time sensitivity, and (4) Consequences. Complexity Currently, transactions and events are far more complex, in a way that decision makers and investors do not have the expertise to handle them. However, a professional such as an internal auditor is trained to accumulate, gather, and sum up the crucial operating information on his or her own. An internal auditor has the expertise...

Words: 2063 - Pages: 9

Controls for Information Technology and Reporting and Evaluation

...Controls for Information Technology The success of a business is determined by how effective its managers are in managing risk. Therefore, acquiring effective risk management helps to protect the company from losses because of poor accounting practices as well as fraudulent activities. Using good controls protect managers from liabilities that may arise when certifying financial statements used in annual reports because when these reports are issued, they are also a reflection of the company’s internal controls. The internal control process begins with management and the attitude that management portrays through the company. Manager duties include implementing the policies and procedures used within the company, these policies and procedures are also used to build the structure which is found within the internal control environment. Internal Control Reporting Options An audit report has three general functions used to report a company’s financial statements. These reports indicate whether the financial statements are presented in conformity with generally accepted accounting principles. Auditors use their reports to highlight any unusual aspects of the audit examination, and the reports can be used to communicate useful information to decision makers that may not appear on the face of the financial statements. Internal reporting options are important in keeping regulators, investors, and employees informed, and the format should be understandable for......

Words: 663 - Pages: 3

Acc 544 (Controls for It and Reporting) Complete Class

...ACC 544 (Controls for IT and Reporting) Complete Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-544-Controls-for-IT-and-Reporting-Complete-Class-1369.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com ACC 544 Week 1 Recommendation Brief for an Internal Auditor An internal auditor certifies a company’s financial statements are timely, relevant, and reliable. According to the American Accounting Association (1973), “Auditing is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users.” Internal auditing assists a company minimize business risks by satisfying the demand of timely, relevant, and reliable information. The following are four environmental conditions that increase user demand for relevant and reliable information: (1) Complexity, (2) Remoteness, (3) Time sensitivity, and (4) Consequences. Complexity Currently, transactions and events are far more complex, in a way that decision makers and investors do not have the expertise to handle them. However, a professional such as an internal auditor is trained to accumulate, gather, and sum up the crucial operating information on his or her own. An internal auditor has the expertise...

Words: 2063 - Pages: 9

Airline Operations Control

...AIRLINE OPERATIONS CONTROL Introduction Airline Operations Control is considered as one of the most important department in any airline company. Through its defined mechanism, the airline is able to monitor all the flights checking and ensures that the prearranged schedule defined by other departments of the company, is being followed. To achieve that, the Airline Operations Control Centre (AOCC) is given a mandate to manage the airline operations during specific time depending. Its size and composition varies according to each airline company (Clausen et al., 2005). The AOCC constitutes of different teams of people specializing in a variety of fields and these teams work together to solve problems. Under the supervision of operations control manager, teams make every effort to have airline operations running with as less problems as possible. The specialized teams, which may include among others such as aircraft maintenance, crew scheduling and aircraft scheduling, monitor the schedule execution and try to solve all the problems related with crew members, aircraft and passengers. However, some problems may arise and disrupt the planned schedule. Nevertheless, there is a process fallowed to solve such problems that’s known as Disruption Management (Kohl et al., 2004) or Operations Recovery. Barnhart et al., (2003, p. 47) stated that during the normal operations, airlines keep on monitoring their operations and when something odd within the schedule happens, e.g. that might...

Words: 1396 - Pages: 6

It Controls for Reporting

...IT Controls for Reporting Internal Control Systems (ACC 544) Apollo Footwear is largest supplier of shoes in the western United States. Exponential company growth has facilitated the need for tighter information technology internal controls. The Treadway Commission (COSO) defined internal controls in the following way " a process, affected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives" (Raval & Ashok, 2007, p.56). Design IT Controls Apollo Footwear needs software to track what employees are doing when logged into the system. A problem with the current system is the inability to track employees who are logged into the system and what they are doing with the data that is being retrieved. The current system does not provide adequate restrictions to data access. In addition the need to predictive software that can see patterns is a critical step toward recognizing fraud, and finding errors, and damaged data in the system. This is critical due that errors and damaged financial data can create problems for financial reports. Further processes and management of procedures to control workflow is essential. Reporting Options Reporting options is the method that auditors use to convey the information obtained through the collection of evidence and findings through the testing of control procedures. (Louwers,......

Words: 985 - Pages: 4