Unit-Specific Internal Control Plans

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.

Actionable Items

The following items are tasks performed during the plan development process:

• Complete the DFA unit-specific control plan. 
• Solicit feedback and approval from the Internal Control Committee (ICC). 
• Revise and formalize the tools and templates for use by other units. 
• Develop a training plan for the units. 
• Identify and train the first two units selected to develop and implement control plans. 
• Present the results to the ICC. 
• Assist the remaining units in completing and implementing their specific control plans. 
• Provide training and guidance as needed.

Expected Outcomes

• LSS principles are integrated into the university’s culture. 
• Gains in efficiency and cost effectiveness will be realized across the university. 
• Overall administrative burden will be reduced and focus on mission-direct activities will increase.
• The working relationships between DFA and the administrative and academic units will be strengthened.