Dhiraj Khandelwal Profile - My Report Card

About Me..

BUSINESS PROCESS RE-ENGINEERING

Reviving the Dimensions!!

         Chartered accountancy is the core of all business, be it big or small. It is a career with unlimited aspects and dimensions. In today’s world, the opportunities linked with this profession are unlimited with mastery in areas of Taxation, Audit and Financial Services.

Emerging opportunity for chartered accountants has been found in BPR.

My ideas on Business Process Re-engineering!! 

 “Business process re-engineering is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors.”     

                                                                                     - Wikipedia

          The organizational Structure plays a vital role in development of any business. This factor has the power that surpasses the growth from limited to infinity. Read- BPR As Process Structure. It is a renowned principle that “Better the structure farther the reach”.

Some important BPR success factors include, but are not limited to the following:

1.    BPR team composition.

2.    Business needs analysis.

3.    Adequate IT infrastructure.

4.    Effective change management.

5.    Ongoing continuous improvement

          Generally, BPR does not only mean change, but rather dramatic change. The constituents of this drastic change include the overhaul of organizational structures, management systems, employee responsibilities and performance measurements, incentive systems, skills development, and the use of IT.

          With Increase in scale and opportunities, the reengineering process becomes complex and uncontrollable. Only 30 out of hundred reengineering motives are proven successful, why is that?? Researches show that it is the lack of covering all aspects of industry in application as well as structure effectiveness. Experts opinions shall always be given the utmost consideration. 

Role of Chartered Accountant

          

          Chartered Accountant being experts in fields of finance as well as operation, posses aspects of qualifications that are perfectly suited for such jobs. The professionals inherit full-fledged experience over any industry’s model and always had been updated with its facts and figures required in performance of such activity.

Watch out ICAI initiative over BPR (Video) – Watch BPR- ICAI Initiaitve

Reports for Further Concept Building

          Prepared on BPR by Sortis Zigiaris, M.Sc., BPR engineer, BPR HELLAS SA in January 2000 for the purpose of dissemination of innovation and knowledge management techniques. Click Here

Article

          Prepared by Jim Owens who is an American economist and manufacturing executive. He is the former Chairman and Chief Executive Officer of Caterpillar Inc., the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Click here for Views of Jim Owens on Effective BPR.

Thanks for Reading..

“Read it, understand it & apply it.” -

CA PRACTICE- BE AN INSURANCE SURVEYOR & LOSS ASSESSOR

CA PRACTICE- BE AN INSURANCE SURVEYOR & LOSS ASSESSOR

A Chartered Accountant can act also as  insurance  surveyor & loss assessor. …….The scope of Chartered accountant services to insurance sector is going bigger and bigger and it is the Chartered Accountants who have to take the compensatory steps to reach out at the vast insurance sector. Surveyors are independent professionals licensed by IRDA. They usually function only in non life business. Their job is to assess the actual loss and avoid false claims. Surveyors are not employees, but are independent professionals hired by the insurance company.

CA IS ELIGIBLE TO ACT AS INSURANCE SURVEYOR & LOSS

An associate member or a fellow member of the Institute of Chartered Accountants of India is eligible to secure the licence to act as Surveyor & Loss assessor. No permission is required from the Institute of Chartered accountants of India before or after procuring such licence.