As any auditor will tell you: controls, processes and procedures are the secret to mitigating risk and ensuring regulatory compliance.<\/p>\n
Organisations are like a garden shed, they start off clean and tidy, but have a tendency to accumulate clutter as successive projects, reorganisation and management changes add layer upon layer of controls and processes.<\/p>\n
Controls, processes and procedures are not free. There are material costs such as documentation, division of duties, developing “idiot-proof” processes, auditing, checks and controls.<\/p>\n
In addition to the direct cost, there is an indirect cost, as process-heavy organisations labour under the weight of procedural overhead. Loss in agility can have major implications on an organisations ability to compete in a rapidly changing environment. I have seen scenarios where a 5 minute fix that would provide major cost savings had to run the gauntlet of a 3 month SDLC.<\/p>\n
It is no wonder why the business case for off-shoring and\/or outsourcing is attractive to so many organisations. Outsourcing\/Off-shoring solutions offer a fresh, clean and tidy garden shed.<\/p>\n
However, would organisations be better served by cleaning out their own garden shed?<\/p>\n","protected":false},"excerpt":{"rendered":"
As any auditor will tell you: controls, processes and procedures are the secret to mitigating risk and ensuring regulatory compliance. Organisations are like a garden shed, they start off clean and tidy, but have a tendency to accumulate clutter as successive projects, reorganisation and management changes add layer upon layer of controls and processes. Controls,\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1],"tags":[27,28,30,32],"class_list":["post-85","post","type-post","status-publish","format-standard","hentry","category-all-posts","category-uncategorized","tag-off-shoring","tag-outsourcing","tag-regulatory-compliance","tag-risk-mitigation"],"_links":{"self":[{"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/posts\/85","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/comments?post=85"}],"version-history":[{"count":0,"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/posts\/85\/revisions"}],"wp:attachment":[{"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/media?parent=85"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/categories?post=85"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/supportingelement.com\/index.php\/wp-json\/wp\/v2\/tags?post=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}