Challenge 2021: Internal Obligations Management Best Practices

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Nimonik is inviting you to participate in the 2021 Internal Obligations Management Challenge

Start 2021 on the right foot. Nimonik will be running a 40 day program to help you improve your management of internal obligations. We will have weekly assignments such as cleaning up your obligations register, adding meta-data and identifying accountability within your organization. Nimonik will be there to support you on this journey with expert discussions every week and tools to help you organize your internal obligations management for 2021 and beyond.

Join the launch of the 40-Day Nimonik Comprehensive Internal Obligations Management Challenge: Register Here

This 40 day program is designed to help you clean up your obligations register, remove waste, and improve your overall coverage to prepare you for the year ahead.

Course Objectives

By accepting this challenge you will:

  • Improve your current obligations register.
  • Increase the probability of meeting more of your obligations.
  • Learn and reinforce proactive behaviours to keep your register up-to-date and effective.

During the 40 days you will clean up your obligations register by working through the following objectives:

  1. Eliminate compliance waste (outdated obligations, missing data, inaccuracies)
  2. Update register with missing or changed obligations (internal and external obligations)
  3. Evaluate compliance risk and incorporate them into your register
  4. Develop actionable status reporting from your obligations register
  5. Implement a continuous improvement process to always keep your register up-to-date and effective.

The more you put in the more you will get out. To receive the benefits of this program you will need to:

  • Work through weekly exercises
  • Engage in weekly group coaching sessions
  • Take advantage of the available resources

The 2021 Internal Obligations Cleanup Challenge is your opportunity to engage and learn from others who also want to improve their compliance. You will benefit from following a structured process to keep you accountable and on track as you learn how to improve your obligations register to better protect your organization from the effects of compliance risk.

Join the launch of the 40-Day Nimonik Comprehensive Internal Obligations Management Challenge: Register Here

Course Plan (required commitment: 24 hours from participants)

40 Day Internal Obligations Challenge
The Next Frontier
Day Sprint Action Resources
1 0 – Getting Ready for Internal Obligations Attend 40 Day Challenge Session # 1 60 Minute Virtual Stand Up Session
2 The objective of this sprint is to obtain an understanding of what internal obligations are and where they can be found. The outcome is an increased understanding of internal obligations along with a list of relevant sources applied to your business. Plan-Do-Check-Act Worksheet
3 Articles, Blog Posts
4 Pre-mortem Worksheet
5 Complete Sprint 0 Retrospective Survey
6
7
8 1 – Identifying Internal Obligations Attend 40 Day Challenge Session # 2 60 Minute Virtual Stand Up Session
9 The objective of this sprint is identify the internal obligations contained within the sources identified during the previous sprint. The outcome will be a categorized list of internal obligations and relevant meta data needed to determine compliance status and evaluate risk. Plan-Do-Check-Act Worksheet
10 Articles, Blog Posts
11 Pre-mortem Worksheet
12 Complete Sprint 1 Retrospective Survey
13
14
15 2 – Incorporating Internal Obligations Attend 40 Day Challenge Session # 3 60 Minute Virtual Stand Up Session
16 The objective of this sprint is to incorporate the previous list of obligations into your existing obligations register. The outcome will be a new or re-structured register capable of managing internal obligations populated with the obligation data from the previous sprint. Plan-Do-Check-Act Worksheet
17 Articles, Blog Posts
18 Pre-mortem Worksheet
19 Complete Sprint 2 Retrospective Survey
20
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22 3 – Evaluating Compliance Risk Attend 40 Day Challenge Session # 4 60 Minute Virtual Stand Up Session
23 The objective of this sprint is to evaluate compliance risk for your internal obligations. The outcome will be a risk-ranked list of internal obligations based on your risk tolerance and compliance capabilities. Plan-Do-Check-Act Worksheet
24 Articles, Blog Posts
25 Pre-mortem Worksheet
26 Complete Week 3 Retrospective Survey
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29 4 – Developing Your Compliance Plan Attend 40 Day Challenge Session # 5 60 Minute Virtual Stand Up Session
30 The objective of this sprint is to develop a plan to implement necessary compliance and assurance controls applied to internal obligations. The outcome will be a risk-adjusted compliance plan designed to make sure you reach your objectives. Plan-Do-Check-Act Worksheet
31 Articles, Blog Posts
32 Pre-mortem Worksheet
33 Complete Sprint 4 Retrospective Survey
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36 5 – Sustaining Compliance Attend 40 Day Challenge Session # 6 60 Minute Virtual Stand Up Session
37 The objective of this sprint is to define a continuous improvement process to sustain compliance in the presence of changing business and business climate. The outcome will be a process right-sized for your organization to ensure that you always stay on top of all your obligations. Compliance Sustainment Worksheet
38 Articles, Blog Posts
39 40 Day Challenge Program Pre-mortem Worksheet
40 Complete 40 Day Challenge Retrospective Overall Program Survey

What is an Internal Obligation?

Internal Obligations are obligations that your organization has imposed on itself voluntarily or through an agreement with a third party. In contrast to External Obligations which are imposed by a third party (i.e. Government), Internal Obligations are generated through the activities you engage in. Examples include corporate policies, environmental permits, contracts, stakeholder engagements and other agreements you have chosen to adopt.