Inmt 341 exam 1 questions - Study guides, Class notes & Summaries

INMT 341 Exam 1 Questions and Answers Procure to Pay Business Process - Answer-Includes the activities involved in acquiring, paying for, and maintaining the goods and services needed by an organization Buy "things" (Procure to Pay) -Acquire needed resources for the organization's order to cash and conversion processes at an optimal price, and at the time when and location where the resources are needed. Procure to Pay Business Process Events - Answer-•Identify need and possibly int...

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INMT 341 Final Exam Questions and Answers How do organizations effectively manage processes, people, and technology so that they help generate value? - Answer-GRC Steering Committee - Answer-outside IT consultants that are professionals in governance, risk, and compliance What does G stand for? - Answer-Governance - Governing/managing processes, technology, and systems What does R stand for? - Answer-Risk Management - Identifying (and controlling) the risks associated with process...

Information management collection and management of information, gathered from a variety of sources, and the distribution of that information to one or more stakeholders Information management requires... managing and controlling the structure, processing, delivery, and security of information Business Process a collection of related activities performed by a group of stakeholders to achieve a concrete goal. They combine resources and inputs to create an output that is of value to the organiza...