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The Art of Service Standard Requirements Self Assessments



Fraud Analytics: Standard Requirements

$249.00 $99.00
(You save $150.00)

Fraud Analytics: Standard Requirements

$99.00 $249.00

(You save $150.00)
Downloadable Resources, Instant Access

Product Description

Fraud Analytics Standard Requirements

Sample Requirements:

  1. Have we provided written notification to our lower-tier subrecipients regarding their responsibilities to be alert for instances of fraud, abuse, and criminal activity committed by staff, contractors, or program participants and to report all such instances immediately?

  2. Do we measure Accuracy? One data protection risk lies in the detection rates, specifically the false positive and false negatives, i.e. how many people are mistakenly identified as fraudulent or how many fraudulent claims are not identified?

  3. Through the fraud analytics system, does the initiative of multi-disciplinary solution motivate to look at existing underwriting and claims' processes and ascertain potential areas where fraud detection capabilities need to be put in place?

  4. With the backdrop of aging technology and inefficient processes that are unable to detect fraudulent claims, do we see an attractive business case for investment into claims fraud analytics and other anti-fraud solutions?

  5. In deciding what needs to be communicated, has management considered qualitative factors, as well as quantitative measures, especially when considering the implications of findings related to fraud, waste, and abuse?

  6. Do we have an anonymous and confidential Whistleblower policy for communicating and receiving information regarding fraud, errors in financial reporting and misrepresentation or false statements made by management?

  7. Do we apply network fraud analytics, so investigators can take a proactive stance, as they'll get notification of suspected organized fraud well before paying hundreds of millions of dollars in illegitimate claims?

  8. Do we periodically review the level of our petty cash fund? Remember that petty cash is quite vulnerable to loss through fraud or error. Can we reduce the size of the fund without affecting efficiency?

  9. Does management recognize that there is an increased motivation for fraud and data crimes, concurrent with expectations on audit departments to recognize such activities despite reduced budgets?

  10. Do you have a comprehensive data-sharing program in which others share information about patterns, and use that information to operationalize strategies and close gaps in responses and services?

Why Own The Fraud Analytics Self-Assessment?

The Fraud Analytics Self-Assessment will make you a Fraud Analytics domain expert by:

  • Reducing the effort in the Fraud Analytics work to be done to get problems solved

  • Ensuring that plans of action include every Fraud Analytics task and that every Fraud Analytics outcome is in place

  • Saving time investigating strategic and tactical options and ensuring Fraud Analytics opportunity costs are low

  • Delivering tailored Fraud Analytics advise instantly with structured going-forward plans

All the tools you need to an in-depth Fraud Analytics Self-Assessment. Featuring 798 new and updated case-based criteria, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Fraud Analytics improvements can be made.


What Is In The Fraud Analytics Self-Assessment?

The Fraud Analytics Complete Self-Assessment Excel Dashboard

  • Ensures you don't miss anything: 798 criteria in 7 RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain) steps with easy and quick navigating and answering for 1 or up to 10 participants

  • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

  • Gives you a professional Dashboard to guide and perform a thorough Fraud Analytics Self-Assessment

  • Is secure: Ensures offline data protection of your Self-Assessment results

  • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next

The Fraud Analytics Complete Self Assessment eBook version of the book in print

  • Provides a convenient way to distribute and share among the participants to prepare and discuss the Self-Assessment

In using the Self-Assessment you will be better able to:

  • Diagnose Fraud Analytics projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

  • Implement evidence-based best practice strategies aligned with overall goals

  • Integrate recent advances in Fraud Analytics and process design strategies into practice according to best practice guidelines


Assess And Define Fraud Analytics With This Fraud Analytics Self Assessment. Sample Questions From The Complete, 798 Criteria, Self-Assessment:

  • Recognize Criterion: Think about the people you identified for your Fraud Analytics project and the project responsibilities you would assign to them. what kind of training do you think they would need to perform these responsibilities effectively?
  • Define Criterion: What tools and roadmaps did you use for getting through the Define phase?
  • Measure Criterion: Does fraud analytics measurably help to root out waste, fraud and abuse?
  • Analyze Criterion: What will drive Fraud Analytics change?
  • Improve Criterion: Is Supporting Fraud Analytics documentation required?
  • Control Criterion: What is the plan for incorporating next-generation capabilities and technologies, such as telematics and sophisticated fraud analytics, in a cost-effective way?
  • Sustain Criterion: How will we insure seamless interoperability of Fraud Analytics moving forward?


Cost/Benefit Analysis; Fraud Analytics Self-Assessment Justification And Approval Tools:

Purchasing a The Art of Service Self Assessment will spur new ideas, fast track project strategy and advance your professional skills. We’ve developed a set of criteria that will aid in gaining approval and give you the ability to validate and review your Self-Assessment investment:

  • Excluding hired consultants and advisors from top management consulting firms, internal Fraud Analytics Self-Assessment work is typically undertaken by senior level positions with titles such as Enterprise Architect, Business Process Architects, Business Process Re-engineering Specialists and Business Architects.

    Statistics according to Glassdoor and Indeed tell these positions receive an average basic pay of $125,000. Daily rates of basic pay are computed by dividing an employee's annual pay by 260 days. The daily salary is then derived by dividing the annual salary of $125,000 by 260 days = a daily rate of $480.

  • Top management consulting firms start at $2,000 a day, with rates typically charged up to 40 hours per week.

For a fraction of this the Self-Assessment will make you a Fraud Analytics domain authority.


Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role… In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

For more than twenty years, The Art of Service's Self-Assessments empower people who can do just that - whether their title is marketer, entrepreneur, manager, salesperson, consultant, business process manager, executive assistant, IT Manager, CxO etc... - they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better.


Get The Fraud Analytics Self Assessment That Will Make You A Fraud Analytics Domain Expert Now.




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