Each campus unit will implement an internal control plan, guided by risk and materiality assessments, based on DFA’s plan and using Lean Six Sigma (LSS) principles. These plans are based on risk and materiality assessments and will apply the principles of LSS methodology to streamline processes.
Over the five-year period of DFA’s strategic plan, units will use DFA’s framework to allocate resources in a manner that will allow more efficient and accurate reporting as well as increased compliance with applicable rules and regulations. These plans will increase Cornell’s overall fiscal health and create cohesiveness among campus units in their approaches and strategies in managing the university’s resources.
The following items are tasks performed during the plan development process: