Posted by: Robert Davis
Compliance Management, Compliance Verification Systems, Continuous Monitoring, Control System, Decision Techniques, Exception Reporting Systems, Expert Systems, Inference Engine, Knowledge Acquisition, Knowledge Engineer, Knowledge-base, Management Information Systems
Commonly, a Management Information System (MIS) is deployed to permit performance monitoring to assess compliance with adopted standards and enable corrective actions and/or process improvements to an entity’s control systems. Generally accepted key elements enabling successfully managing the risks inherent in many control systems resides in the ability to monitor processes independently and continuously as close to the execution point as possible. Yet, analytic technologies capable of continuous monitoring are typically lacking in MIS deployments. Therefore, a continuous monitoring system conjunctively implemented within operational configuration items can enhance variance detection as well as improve compliance verification and exception reporting systems.