Our previous blogs on the topic of knowing your critical processes provided some hints on how to determine which of your processes should be defined as “critical” and discussed who should be involved in identifying them.
In our newsletter on this topic, we provided a list of why it is important to identify your most Critical Processes. Let’s now look in more detail at some of those reasons.
When Aldridge Kerr is asked to assist its Clients with a wide variety of operational consulting projects, we often recommend the first step is to identify their Critical Processes. That identification can be the foundation for:
1. Assessing the effectiveness and/or efficiency of the organization.
- Establishing Best Practices, internal controls, and business metrics should be focused on the identified Critical Processes in order to realize effectiveness within an organization most quickly.
2. Documenting an organization’s processes, which may be needed:
- For a forthcoming audit by either a Regulatory Agency or an internal/external audit.
- By identifying which processes are most critical and will be documented first, the organization is better positioned to ensure a positive outcome from the audit.
- For training and/or reference of newly enhanced processes.
3. Performing a Business Impact Analysis.
- This can be especially valuable if a Business Continuity Plan needs to be built or updated.
And, as we mentioned in our newsletter, there is a wealth of benefits to knowing your Critical Processes. This effort positions your organization for sustainability, rapid growth, and opportunities.
Look for our next newsletter soon. We will be discussing why efficiency must align with effectiveness. Also, be sure to sign up for our newsletter on the right-hand side of our blog’s home page.
Aldridge Kerr can assist you in more clearly defining your critical processes. Contact Charlene Aldridge at 972.447.9787 or CharleneAldridge@aldridgekerr.com to discuss how we can assist you.