Financial Monitoring & Management

Success Story Business Education Council of Niagara

“BEC was the first organization of our kind in North America to receive ISO 9000-2001 registration. We were featured in ISO magazine out of Geneva Switzerland and in Quality magazine out of Chicago.  We have a formal process to monitor continuous quality management and a process management system to constantly ensure all facets of our project management system is consistent and up-to-date.

All projects have measurable objectives and financial objectives set at the beginning of the project and have the BEC evaluation system used for all of them.  Managers report monthly on actual vs. target project objectives and target budgets.  If any are not on target without a realistic reason an action plan is devised to bring it back on track.  All managers have an opportunity to have input since all programs are presented to the management team.

The Board of Directors receive a report on targets vs. project objectives and target vs. financial objective with an explanation and an action plan where needed.  The evaluation of program services is done for all programs offered by BEC during the project or at the end. Programs where the evaluations have any negatives (even if the evaluations are overwhelmingly positive) those have to be evaluated and action plans designed where required.”

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