As part of a financial statement audit, auditors are required to obtain an understanding of a company's internal control system. Internal control is an interconnected web of policies, procedures, ...

A manager's responsibility is to get her team to achieve the organization's goals. The four functions of a manager are to plan, organize, lead and control her team. Feedback control is a process that ...

Business process management is a very mature technology and methodology and yet it is finding new uses as companies push for digital transformation. BPM, or business process management, is both a ...

Companies like the idea of BPM suites, and technology-services teams are willing to work with vendors so modules meet their process development needs. Integration of BPM with SOA is on everyone's mind ...

Overthinking process management is akin to spoiling the enjoyment of a simple neighborhood football game, by trying to incorporate complex NFL-level plays. Yes, over-analyzing the science of business ...

The scientific and engineering challenges of producing biopharmaceutical products on an industrial scale, historically, have required deep subject matter expertise to be deployed efficiently and with ...

Alarm management is a critical aspect of industrial process control, ensuring plant safety and operational efficiency whilst minimising disruptions due to false or nuisance alarms. Modern alarm ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...