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Posted by on Oct 17, 2016

Q and A: All about the New A-123

Q and A: All about the New A-123

On September 28, Management Concepts presented a free webinar—Easy as A-123: What You Need to Know About the Update—highlighting the significant changes to OMB Circular A-123 Management’s Responsibility for Enterprise Risk Management and Internal Control. During the Q&A there was time to answer only a few questions, but many good ones were submitted. Below are answers to the most representative questions.

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Posted by on Oct 11, 2016

Analysis Paralysis: Find Time to Get the Croissant with Your Cup of Coffee

Analysis Paralysis: Find Time to Get the Croissant with Your Cup of Coffee

You’ve just submitted the report that your supervisor wanted on projected HR costs for next quarter. As you lean back to enjoy your second cup of coffee and begin to tackle your next project, an email asking you to run the analysis based on a different set of assumptions pops up in your inbox. So much for getting a head-start on that other project. Changing one or two input items yielding different results that management can act upon is referred to as “modeling”.

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