#1774830 Topic: project charter week 3

Running head. COMPLIANCE MANAGEMENT SYSTEMS1

COMPLIANCE MANAGEMENT SYSTEMS2

Compliance Management Systems

Compliance Management Systems

Project name

Management System’ for a technology-based large company that wants to upgrade and modifies its products and services.

Project Description:

Technology has been continuously emerging in the nation, there is complete dynamic environment influenced by industry, and there is need of consolidation, upgrade the products and services, emerging technology, and market globalization to remain in the business profits. (Dennis, Wixom, & Roth,2009). Due to continuous assess and upgrades in products and services offerings and operations in the context of the business strategy, there is a requirement of maintaining new legislation that requires addressing the profits in the marketplace. On the other hand, we cannot forget that there is always a high risk of new upgrades and modification. So, while addressing these risks the company is required to develop and maintain a sound compliance management system that requires integrating into the overall risk management strategy of the company, Compliance Management Systems(CMS).

Work Breakdown Structure

ACTIVITY	DELIVERABLE	IMPLEMENTATION TIME.
		DAY 1	DAY 2
		7-9	9-11	11-1	2-4	7-9	9-11	11-1	2-4
Task 1	Designing training course
Task 2	Looking up for a trainer
Task 3	Shortlisting profile
Task 4	Send training details
Task 5	Receive confirmation
Task 6	Interview trainer
Task 7	Hire a trainer
Task 8	Training session breakdown
Task 9	Registration from filling station
Task 10	Finalizing accommodation
Task 11	Training session stationary arrangements
Task 12	Go live

Stakeholders:

Potential stakeholders of such reflection would be everyone who associated with a company like; management, employees, consumers, investors, and other associated parties because it is an integrated responsibility for everyone to understand the change and possible risk of upgrades in products and technology. However, management and employees are directly responsible because these people would be involved in the process. (Wallace, & Webber, 2010). Their responsibilities are, to learn the compliance, incorporate its requirement in the business processes and ensure the operations responsibilities are carrying out in the right direction. In addition to this would be to meet all expectations and taking corrective actions wherever necessary in order maintain large benefits for indirect stakeholders who could still believe to connect with the company and can make a company in high profits, Compliance Management Systems (CMS).

Objectives and Outcomes:

Overall objective to enhance the technology as the market is continuously upgrading and introducing the new products and services to pace-up in the marketplace that can possible only if there are minimal risks and address the risks of stakeholders, so there is need to have a compliance management system implement successfully, Compliance Management System.

How success will be evaluated:

The following elements can define the success evaluation, Compliance management System:

Board and management oversight i.e. management must understand the employees and managers training need so that can address any intentional failure.

Compliance Program: It must introduce the need for compliance system, training for managers to understand the compliance system, and define everyone’s responsibilities.

Compliance Audit: These audits ensure that all are performing their work responsibilities. When all elements are strong and working together then the company can meet its objectives and become successful in managing its compliance responsibilities and risks now so that they will be addressed in the future.

Measurable Organizational Value (MOV) of this project:

The company must need to ensure the following elements work, compliance management system:

Training Session for Employees: Its objective, employees must understand their work and responsibilities.

Compliance Program: To give employees practical knowledge so that they can apply their knowledge to address the situation.

Compliance Audits: To ensure the monitoring and tracking and find out the critical issues which are wrong and/or performed incorrectly.

Marketplace: It must give profits if all risks are addressed and in case, there is no profit and then address the condition.

Reference

Dennis, A., Wixom, B. H., & Roth, R. M. (2009). Systems analysis and design. Hoboken, NJ: Wiley.

Wallace, M., & Webber, L. (2010). The Disaster Recovery Handbook: A Step-by-Step Plan to Ensure Business Continuity and Protect Vital Operations, Facilities, and Assets.