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Jul 2013

Risk questions a CGMA should ask about process innovation

Process innovation is about doing things a better way; either through developing new processes and delivery methods or finding radically different ways of doing business. It can be as simple as redefining one step of a manufacturing function, or as complex as a full organisational restructure.

This interactive tool sets out a framework for management accountants to work through, identifying the key risk questions which must be asked and answered before implementing process change.

We are all familiar with risk questions relating to impact and probability, but this tool adds value by bringing in the operational, practical and resource considerations which are too often overlooked.

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Process innovation is about doing things a better way; either through developing new processes and delivery methods or finding radically different ways of doing business. This can be as simple as redefining a key step within a manufacturing function, or as complex as a complete restructuring of the organisation.

Risk questions a CGMA should ask relating to process innovation

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