Strategic Management Analysis and Operational Audit Insights

Introduction

It’s essential to recognize the importance of capabilities like management analysis and operational auditing in today’s fast-changing business environment. This course on management analysis and operational auditing is structured around the fundamental principles and procedures of these interconnected fields, enabling participants to understand how, what, and when to apply these concepts to evaluate and enhance organizational performance while adhering to established practices.

This course is designed to provide comprehensive skills development for professionals, ensuring that management analysts and operational auditors can enhance both practice and management analysis. Participants will master the skills required to improve organizational capabilities, mitigate risks, and foster success, emerging as well-equipped management analysts and operational auditors.

Exploring these topics provides a deeper understanding of the roles of operations management, operations management processes, and the key areas of operational auditing that focus on best practices. This will enable individuals responsible for management operations, conducting case analyses, and applying operations management analysis tools to better understand the role of operational auditing.

Objectives

At the end of this course on management analysis and operational auditing, learners will be able to:

• Analyze management to hold management accountable for inefficiencies and identify potential enhancements.
• Apply appropriate operational auditing techniques to develop and implement operational auditing plans.
• Utilize advanced computer hardware and software systems to analyze large data sets for informed decision-making and business process redefinition.
• Enhance control measures over risks and internal control mechanisms.
• Ensure compliance with best practices and industry standards.
• Improve organizational efficiency and financial outcomes.

Training Methodology

• Interactive lectures and presentations
• Case study analysis
• Group discussions
• Training on specific strategic management tools
• Role-playing scenarios
• Peer review sessions
• Audit simulations
• Q&A sessions
• Written assignments and projects

Course Outline

Unit 1: Management Analysis Fundamentals

• What is Management Analysis?
• Key concepts and terminology
• Data collection and evaluation methods
• SWOT Analysis tool
• Case studies and practical application

Unit 2: Core Concepts of Operational Auditing

• Operational auditing fundamentals
• Audit management
• Audit internal controls
• Sampling in internal audits and sampling plans
• Audit scenarios and applications

Unit 3: Data-Based Management Analysis

• Tools for applying data analytics
• Techniques for data presentation in management
• Using predictive analytics in management decisions
• Data analysis exercises

Unit 4: Risk and Compliance

• Risk evaluation and identification
• Creating appropriate action plans
• Risk management compliance
• Case studies on compliance violations

Unit 5: Strategies for Performance Improvement

• Identifying causes of waste and sunk costs
• Techniques for process improvement
• Basics of Lean Six Sigma
• Models of continuous improvement
• Preparing action plans for performance improvement

Unit 6: Reporting and Presentation

• Reporting in management studies and auditing
• Presenting results and recommendations
• Engaging and managing key stakeholders
• Sharing accountability and responsibility

Unit 7: Practical Applications and Group Projects

• Applying knowledge in practice
• Group assignments addressing challenging business problems
• Solution identification and presentation
• Peer critiques and reviews
• Q&A sessions

Unit 8: Course Conclusion and Certification

• Recap of key learning points
• Summative course evaluation
• Conferment of certificates
• Future opportunities and pathways for further study