Management and Development of a Model Process - Essay Example

The main focus of this report is to study the initiatives of addressing risk factors in document tracking in the general services department of the Borouge Company, Abu Dhabi. The application of risk assessment tools and processes such as a tracking model that would help reduce loss of documents and enable more efficient tracking of documents at the operational level will be examined along with the development of market strategies to achieve the company objectives. The paper discusses the successes of previous environmental scanning and risk analysis techniques of the company and proposes how improvements of the system could benefit the company.

Questionnaires were developed to get feedback from a sample of respondents from the customers of the company. The paper is therefore a research proposal for the Borouge Company in particular and other similar companies in general to provide useful information on the protection of data and data tracking techniques. The risk of an event leading to the loss of all data could be devastating and could have a consequential impact on the functional ability of a company. Confidential company information could fall into the wrong hands by either the breach of security of the company databases or by the leakage of information either intentionally or unintentionally by the employees who are authorized to access the information.

The encryption and tracking of data reduces the risk of incurring profound losses that result from the theft and misuse of confidential information that could easily wind up on file sharing sites (Grueter, 2013 April 4). The costs that could occur during the recovery of these data or from the subsequent law suits depending on the breached information could also be prevented by the adequate security of company information and databases. As such the investment in security systems and processes is a vital step in achieving this.

A good account information system that is computerized would aid the company in keeping a good track of company financial and accounting information, reduce the risk of losing sensitive information that could result in costly lawsuits, breaches of data and serious damage to the reputation of the company. During my internship I intend to work on a tracking model in the general services department that will reduce the loss of documents and ensure the security of electronic documents of the company.

With the continuous improvement and adoption of new ideas and innovation by the Borouge Company as well as the expansion of their market to form contractual relationships with partners from different geographic regions, it is necessary to keep a track on the company documents.