usiness professionals have debated whether or not an organization should strive
ID: 3908586 • Letter: U
Question
usiness professionals have debated whether or not an organization should strive to ensure that all its processes are “optimized” according to the Capability Maturity Model.
What do you think? Regardless of your response, what benefits might an organization realize at the earlier levels? (Remember to clearly state your response and then clearly state any benefits that might be realized.)
Is there a similarity between the Capability Maturity Model and COSO’s Internal Control Integrated Framework? How do they differ? Be sure to support your ideas with well thought ideas.
Explanation / Answer
Answer)
Yes business professionals should check to ensure the processes are optimized as :
Trying to find out an alternative solution with having the most cost effective or highly achievable performace with respect to specific constraints. This would help to maximize the factors and minimize the undesired factors which in turn would help to lessen the expenses.
CMMI or capability maturity model integration is made to help the organization make the process to improve and streamlined so as to encourage and make the culture efficient enough so that the software, product and services risk are decreased.
CMMI is meant for the start of the appraisal processes which tends to evaluate the process or service developments and service establishments as well as managements or the product and the services.
For COSO it is the joint initiative meant for the 5 private sectored organization which is being listed on the left and is meant for providing the leadership through development of the frameworks as well as guidance on the enterprise risk management.
Hope this answer helps. Happy to help. :)
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