Every business, regardless of its size and industry, needs to have a financial controls policy in place. Its role is to provide guidance on the keeping of financial accounts and records, payments, ...

A manager's responsibility is to get her team to achieve the organization's goals. The four functions of a manager are to plan, organize, lead and control her team. Feedback control is a process that ...

At its core business process management is the administrative activities aimed at (1) defining a process, (2) establishing responsibilities, (3) evaluating process performance and (4) identifying ...

Owners must manage capital projects well to keep costs under control and ensure a high-quality product is delivered on time. Good communication, sound procedures and processes, and high-tech tools can ...

Discussion of controllers in the continuous process industries typically centers on distributed control systems (DCSs). However, programmable logic controllers (PLCs) play as important a role in the ...

There are best practices, standard operating procedures and several types of processes in the business world. Processes help maintain order and provide guidelines for a smooth workflow. They are what ...

In process automation, an alarm is defined as an audible and/or visible means of indicating to the operator an equipment malfunction, process deviation, or abnormal condition requiring an operator ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...