Within my professional life, I have had to weigh opportunity costs in
procedure changes. I deal with several aspects of the college and with
how we run and process transactions due to regulations we have an
astronomical amount of clearing accounts. In trying to better the
process and diminish errors, it was alot of work for myself up front
and would be difficult having to train users properly but would
ultimately streamline my work, the users work, and make auditing
more straight forward.
I believe I touched upon corporate governance in my example above,
having to change our policies and procedures to mitigate errors,
increase internal security, and improve reporting accuracy.
