Get Started with Compliance Fundamentals
From creating a top-notch code of conduct to understanding the role compliance plays in your organization, this is the place to learn the core elements of an effective compliance program.
Each compliance program is unique with disparate risks and various levels of maturity. Although there are a number of nuances determined by your company’s size, industry and location, there are still basic principles that are best practices across the board. In this section you’ll learn about the key skills every compliance professional should have as well as the general knowledge base effective compliance professional have and harness throughout their careers.
Just as there are key skills every modern compliance professional should possess, there are fundamental elements every effective compliance program should practice. This section will introduce you to those key components of a robust compliance program and provide the guidance you need to move your career and program to its next level of sophistication.
Get the nuggets of wisdom needed for successful compliance project management—including the best ways to fail, how to age gracefully and how to set priorities. Your compliance projects can always benefit from the best practices of successful project management.
Get the nuggets of wisdom needed for successful compliance project management—including the best ways to fail, how to age gracefully and how to set priorities. Your compliance projects can always benefit from the best practices of successful project management.
After all, in a broad sense “compliance” is a project like any other. It starts as a specific set of actions you want the company to take to achieve a desired outcome. Sure, in our case the desired outcome is usually something like higher completion rates for training programs, or more accurate due diligence analyses, or better accounting of payments from intermediaries to overseas customers—but those are compliance projects like any other. They can fail like any other, too.
So what nuggets of wisdom can we steal from looking at project management principles?
Well stated, Matt! We begin every project with some very basic questions: what else is your team tasked with implementing? What does success look like? And what is driving the need here? Stepping back and evaluating the big picture is critical for so many reasons: aligning like priorities, assessing the capacity for the organization to take on more change and overburdening key resources, to name a few.
I also encourage healthy dialogue around another key component to support our effort: change management -- managing the people side of change. Without a plan in place around sponsorship, communication and training, the likelihood of getting people "on board" with your project dwindles drastically. And let's face it: without most if not all of those people, we probably wouldn't be doing whatever it is we are doing.
Cody Bland
Understood how to handle the project Management from the CIO level down to developers and lot hard work should be put for a project to develop .