MMTJE1 Production Analysis

2. Prepare a list of the controls described in the case. What control problems are they designed to address? Are the managers interviewed for the case justified in being proud of their company’s control system? Why or why not?

In an actual real-world corporate problem, say, if production in a plant were being analyzed, any instances in which the process goes out of control would have to be studied and necessary measures implemented to ensure the process is within its control limits at all times (Chase, Jacobs, & Aquilano, 2006).

management and control of the workplace (including, without limitation, the coordination of the works on site);

● Monitoring — Internal control systems need to be monitored–a process that assesses the quality of the system’s performance over time. This is accomplished through ongoing monitoring activities, separate evaluations or a combination of the two. Ongoing monitoring occurs in the course of operations. It includes regular management and supervisory activities, and other actions personnel take in performing their duties. The scope and frequency of separate evaluations will depend primarily on an assessment of risks and the effectiveness of ongoing monitoring procedures. Internal control deficiencies should be reported upstream, with serious matters reported to top management and the board.

While the method of this surveillance may use the BRFSS, there can be many more other methods that can be used. In evaluating a financial project, majority of the times the methods used during the evaluations will be quantitative, in order to prove financial gain (Makarova & Sokolva, 2014). The same quantitative method can also be used in two different ways within this project.

There are three main tools of Analysis. The first tool is the horizontal analysis. This method reviews a series of a company’s financial statement data over time period. This helps determine if an increase or decrease in sales. The formula for this method is by taken the current year amount subtract by the base amount divided the base year amount. The second method is the vertical analysis. This method evaluates the financial statement by expressing each as a percent of a base amount.

The employer must review the work methods and assess the likelihood of worker exposure. When there is likelihood of worker exposure a control program must be instituted. The control program can include engineering controls, work practices, hygiene practices, record keeping and medical surveillance, if applicable.

My organization has used Mr. Sweeney’s service for over ten years. When speaking with Mr. Sweeney about the types of controls system he utilizes to measure effectiveness and efficiency he stated, “Service and quality is of the upmost importance to his business since we are competing with larger companies” (Sweeney). This indicates that Mr. Sweeny uses the behavior control system. As an owner and manager Mr. Sweeney’s priority focuses in on customer satisfaction. Through the behavior control system Ken ensures his employees meet the customers’ needs by providing quality documents and meeting deadlines given by the purchaser. Ken goes onto say each individual that works for him is responsible for exceptional customer service and quality printing. If customer service and quality of the product is lacking in anyway, existing

Planning and Control: Mintzberg (1983a, p.73) argued that togetherness, planning and control synchronizes the output and indirectly, behavior as well. Planning serves to specify the desired output a standard at some future time and control serves to assess whether or not that standard has been achieved (BSN phase 1 course notes, module 1X, p. 585). In Federal Inland Revenue Service, targets are set for all branches and staff. The Resident Compliance Officers (RCOs) and the Performance Management Team (PMT) enforces compliance, monitors performance and gives reports to

Action control is more specific than result control. It focuses on the process of the whole thing while result control is focuses on the result. To use action control, it is difficult for managers to distinguish good or bad behaviors, because the processes and jobs are so varied. Action control also may limit employees’ creativity

Perdue has control of their inputs required for production, such as labor, materials, equipment, or management skills.

An explanation of the accounting and business techniques that have been used, including a discussion of their limitations

a. The control must be accepted, as I said in my example the control was done every Friday, sometimes was frustrated for me, and is not a excuse but sometimes the check doesn’t come because the customers don’t want to pay, but not because I don’t do the job, for me the control must follow in the same form to correct the errors on time but should be flexible to the employees which at the end of the week conclude at least the seventy percent of your tasks.

Controls are measuring sticks to see if the desired goals are being met. Successful managers create parameters for their employees and implement controls within a criteria to confirm if the job is being done to standard. Case in point, I give quarterly performance counseling’s to each subordinate in my department on performance, being efficient at the job and using problem solving techniques. Controls to an extent border along the lines of micromanaging, but it can also be used to emphasize how well the subordinate is doing too. All quarterly counseling’s are not corrective in nature, but it is a great assessment tool for exceptional job performance as well. The usage of controls is part of my responsibility as a supervisor to ensure the goals are being achieved to standard.

Control activities. COSO requires the organization to consider general control activities over technology, wherefore activities related to the understanding of technology dependencies are viewed relevant, the IT infrastructure are configured to support restricted access and segregation of duties, and define clear access rights for financial applications and processes. The important elements for the control activities are the development and documentation of policies and procedures, their reassessment, and the establishment of responsibility and accountability. Nevertheless, effective control activities in themselves do not ensure that the organization has implemented an effective system of internal controls; therefore all five COSO components must be existent to make certain that control activities function correctly and consistently overtime (Edelstein, 2004).