This website uses cookies to ensure you have the best experience. Learn more

Automation Of Risk Management To Reduce Cost And Improve Accuracy

1006 words - 5 pages

Automation of risk management to reduce cost and improve accuracy

Introduction

Network Centric view of compliance that only addresses Discovery and Reporting functions of the Risk Management Life Cycle and does not address
• Prioritization of Assets
• Assessment
• Remediation
• Validation

With the advent of the “Application Risk Dashboard”, IT Security has implemented a variety of operational and security compliance profiles to address apparent threats to Verizon Networks, but unlike the original SRC (from which they’re moving away from) the dashboard lacks the means to assimilate security data from multiple sources, provide a repository of steady state documentation for ...view middle of the document...

The solution must be a single, centralized repository for all clearance or compliance-related artifacts of evidence which may be deposited and “time stamped” with multiple user solutions (upload, ftp, webdav, etc. documents into a secure repository that allows for delegated authorization for access).

The solution must have capabilities for role-based access re-certification, clearance and compliance-related activity email and calendar reminders.

The solution must have capabilities for role-based access re-certification, clearance and compliance Roadmap Action Items (application teams, SPOCs and/or SFPs can create, or modify "To-Do" items as project management tools for completing the compliance process and demonstrated progress towards deadlines dictated by the regulation.

The solution must support multiple access roles within NTEC-IT and enable complete delegation of responsibilities and allow for annual role recertification.

The solution must have the capability to perform authorized updates the system automatically with changes in role, clearance or regulatory compliance requirements.

The PxQ of Next Generation data visualization and analytics

Interactive visual map that tells a story. Humans have been story tellers since the invention of language and any important data analysis or visualization needs to be communicated as part of a rich, compelling story. If you don’t know what the bigger story is, how can you possible hope to create meaning from data?

Next Generation data visualization must abstract obtuse complexity and underlying complexity of data and provide a business-friendly view of trusted data on demand that’s immediately digestible.

Why the rush to real-time data warehousing? Some of these practices are purely a matter of timely decision making, such as operational business intelligence and frequently refreshed management dashboards.

The Hidden PxQ Cost of Risk Management by Spreadsheet

Currently, NTEC-IT is utilizing spreadsheets to manage clearance, access and SOX compliance. While spreadsheets are easy to use for project management, for clearance, role based access and compliance, they extremely hard to maintain and audit and quickly become cumbersome as there’s more time in setting up spreadsheets and tweaking than groups will spend working on compliance & risk posture issues. In addition, spreadsheets also lack visibility and accessibility to the key stakeholders both in the business and NTEC-IT management.

Easy to...

Other Papers Like Automation of Risk Management to Reduce Cost and Improve Accuracy

P4 – Outline Working Strategies and Procedures Used in Health and Social Care to Reduce Risk of Abuse. M2 – Describe Legislation and Regulations, Working Strategies and Procedures Used in Health and...

2509 words - 11 pages Within our society there a many different groups of individuals, although everyone is at risk of abuse and maltreatment, some groups need more safeguarding than others. Vulnerable groups are at higher risk. A vulnerable adult is described as an individual who is aged 18 or over, who is in need of care and support form care services, who is experiencing, or is at risk of significant abuse or neglect and who is unable to protect themselves against

Enterprise Resource Planning (Erp) Many Companies Look to Their Enterprise Resource Planning (Erp) Systems to Find Efficiencies, Improve Processes, Reduce Complexity, Integrate Systems, and Eliminate...

1248 words - 5 pages , operational and regulatory issues related to the implementation. Recommendations were provided for process enhancements to improve operations and the control environment. As a result, the client was able to successfully convert all of its legacy data and reduce the number of customer billing exceptions. Further, segregation of duty conflicts were reduced because of the enhancements made to system edits and validation capabilities. By

Discusses How an Organization Should Incorporate the Fraud Triangle to Reduce the Risk of Fraud/Misconduct Within Their Organization. Discuss Each Element of the Triangle and Identify Programs and...

1297 words - 6 pages ”According to the Association of Certified Fraud Examiners, public and private organizations in the United States, on average, lose about seven percent of their annual revenues to fraud” (1). This numbers has continued to grow over the past fifteen years, and with the economic turmoil and increasing fraud, the need to reduce the risk of fraud is now more important than ever. Before we can review the ways to reduce fraud, we first need to

Cost and Management Accounting

1847 words - 8 pages cost objects to track, measure and control. REQUIRED Identify and clearly explain the cost objects that are critical to the company’s success. (15 Marks) Grading Rubrics for Assignment Question 2: (5) (4) Introduction: Clear and Clear and Explain the detailed adequate meaning of explanation of explanation of cost object the meaning the meaning of of cost objects cost objects weightage: with some with some 0.5 examples

Risk and Tort Management

1515 words - 7 pages limited to fines and legal fees but also the loss of reputation and other tort liability. An organization must develop ways to prevent, detect, correct and manage risk and tort. Organizations that dedicate funds and resources to the management of these risks will reduce their exposure and avoid the costs of regulation violations and tort liability. A detailed plan to prevent, detect, correct and manage regulatory risks will guarantee the

Mnemonics and Ways to Improve

1561 words - 7 pages MNEMONICS AND METHODS TO IMPROVE MEMORY Memory is the primary and fundamental power, without which there could be no other intellectual operation - Samuel Johnson. Intro 1. The word mnemonic is derived from the Ancient Greek word mnēmonikos, meaning "of memory" and is related to Mnemosyne i.e. "remembrance", the name of the goddess of memory in Greek mythology. Mnemonics in antiquity were most often considered in the context of what is

Logistics Cost Management of Enterprises

2582 words - 11 pages . Introduction Logistics cost management in modern logistics management occupies an important position , "Logistics is the economic dark continent ", " Logistics is the third profit source " and " Iceberg said logistics costs " and other ideas are illustrated logistics cost issue is of concern main problem [1]. Shows how to improve logistics management , reduce logistics costs are enterprises urgently need to address the problems. Second, the

Importanceof Cost and Value Management

679 words - 3 pages PM 341 Project Cost and Budget Management Winde Chavez Writing Assignment 1.1 Jill Horsley September 17, 2013 Importance of Cost and Value Management When the State of Massachusetts formally assumed control of the Boston CA/T from the Massachusetts Turnpike Authority (MTA), there was a concerted effort to pinpoint the causes of “the most expensive highway project in American history”. The MTA concluded that the project suffered

Cost Accounting and Management Decisions

777 words - 4 pages Assignment 1: Cost Accounting and Management Decisions For this assignment I have chosen to discuss the company Gerber. They have a brand that stands out across the nation. Their most popular product is their baby food. Even in this category they have three products that are known across the nation. They make formula (for infants), baby food (for babies that are past infants but not quite a toddler), cookie crackers (for children getting

Overview of Risk and Quality Management in Health Care Worksheet

589 words - 3 pages University of Phoenix Material Overview of Risk Management and Quality Management in Health Care Worksheet The purpose of this assignment is to gain a broad perspective of risk management and quality management as applicable to all health care organizations, rather than focusing on a specific segment of the health care industry. Conduct research on the health care disciplines of risk management and quality management and

Risk, Quality and Performance Management

958 words - 4 pages management. Some of the long term goals include the improvement of accuracy or resident identification( at least two identifiers), improve the safety of using medication ( document the usage and know information on the medication and its possible side effects) reduce the risk of healthcare associated infections( proper hand hygiene is known to reduce infections among staff and residents) reduce the resident’s risk of harm from falls (monitor

Related Essays

Program Design To Reduce The Risk Of Hypertension And Type 2 Diabetes In Brazilian Teens

2368 words - 10 pages determined by high levels of blood pressure in the arteries, thus the heart must exert more effort than normal order to circulate blood through the blood vessels (Brazilian Society of Hypertension, 2010). HTN is the most common cardiovascular disease and is also a major risk factor for the most common complications such as stroke and myocardial infarction, in addition to chronic renal disease (Brazilian Society of Cardiology / Brazilian Society

How To Reduce The Maintenance Cost Of Grain Cleaning Machine

346 words - 2 pages regularly. 3. The user should adopt reasonble methods to transform the equipment, prolong the service life of the machinery parts, improve maintenace efficiency and reduce loss from machine halt. 4. Finally, the company should choose suitable maintenance methods and technical measures and make the plant stay in the best working condition. From the above advice, we can reduce the maintenance cost and save economic expenditure for the company

Behaviors To Reduce The Risk Of Hiv Infection

881 words - 4 pages secretions HIV can enter through · cuts · sores in the skin · moist lining of the vagina · moist lining of the penis The only way to completely avoid sexual transmission is to abstain from sexual intercourse or to engage in sexual intercourse only with an uninfected partner who is committed to a monogamous relationship. Latex condoms have been shown to help reduce the risk of transmission of HIV and other sexually transmitted diseases

Actual Cost Of Employee Turnover & Ways To Improve Retention

2816 words - 12 pages pretty simple right? Then why are so many businesses not properly training the right people to lead their organizations in order to improve retention. One of the biggest reasons this is not being done across the board is because it cost money and time. If companies start to understand the actual cost of losing employees they may start to reconsider implementing a proper training program for all members of their team. In order to reduce turnover