How could a capabilities audit, as presented in "Capitalizing on Capabilities," help an organization assess its intangible value? How could it help an organization improve its overall performance?© BrainMass Inc. brainmass.com October 25, 2018, 9:32 am ad1c9bdddf
Just as individual staff competencies assure for the adequacy of a healthcare staff, organizational competencies can assure the adequacy of an organization to accomplish its mission (Perry, 2005). A capabilities audit enables executives to assess overall company strengths and weaknesses, senior leaders to define strategy, midlevel ...
The value of performing and organizational capabilities audit. With references.
Capability of a Process : Reviewing Account Audits ; Standard Deviation
An accounting firm is trying to understand the capability of its process to review certain types of account audits. They know that on average it takes 10 hours to complete one of these audits, but due to variation, they promise the customer that it will be done in 15 hours. If the standard deviation of this audit process is 2.5 hours (and normality is assumed)
a) What is the capability of this process?
b) What is the percentage of audits that will take longer than 15 hours?View Full Posting Details