Direct Payment Risk Assessment Project

• Project Charter
• Project Sponsor: Strategic Planning Committee
• Team Leader: Jan Richardson
• Team Members
• Meeting Process and Schedule
• Meeting Agendas

Project Aims:

• To identify and prioritize the steps and transactions in the direct payment process where the University is most vulnerable to errors and/or fraud.
• To recommend standards for and changes to the current direct payment approval process to maintain acceptable levels of risk.
• To streamline and improve the process and reduce redundancy so that overall staff costs are reduced and staff can focus on adding value.

Project Deliverables:

• Determine what level of authority is necessary to approve a particular transaction
• Produce a matrix of recommendations