Feedback loop

From ACT Wiki
Jump to navigationJump to search

1. Risk management - risk reporting.

A risk reporting procedure designed to adapt policy and refine procedures as appropriate, following review of the results of earlier risk management activities.


2. Other reporting structures and procedures - cash management.

Similar structures in other contexts, for example cash forecasting and cash management.


Measure cash forecast accuracy and feed back
"The most important - and often overlooked - step is the measurement of [cash] forecast accuracy...
Equally important is implementing a feedback loop - to systems and to people - that ensures forecast data is improved based on variances that were identified.
The feedback loop is especially important when non-treasury resources are contributing to the forecast to ensure that the right behaviours and cash-forecast numbers are positively reinforced while opportunities for improvement are well communicated."
The Treasurer magazine, August 2019, p25 - Bob Stark, Vice president Strategy at Kyriba.


See also