European Court of Auditors

About: European Court of Auditors is a based out in . It is known for research contribution in the topics: Accountability & Enterprise integration. The organization has 14 authors who have published 22 publications receiving 431 citations. The organization is also known as: Court of Auditors.

VR-PMS: a new approach for performance measurement and management of industrial systems

Abstract: A new performance measurement and management framework based on value and risk is proposed. The proposed framework is applied to the modelling and evaluation of the a priori performance evaluation of manufacturing processes and to deciding on their alternatives. For this reason, it consistently integrates concepts relevant to objectives, activity, and risk in a single framework comprising a conceptual value/risk model, and it conceptualises the idea of value- and risk-based performance management in a process context. In addition, a methodological framework is developed to provide guidelines for the decision-makers or performance evaluators of the processes. To facilitate the performance measurement and management process, this latter framework is organised in four phases: context establishment, performance modelling, performance assessment, and decision-making. Each phase of the framework is then instrumented with state-of-the-art quantitative analysis tools and methods. For process design and evaluation...

Rethinking the EU Budget: Three Unavoidable Reforms

Abstract: Many experts have highlighted the inadequacy of the present EU budget to fulfill its objectives. The "full, wide ranging review" of the EU budget requested by the European Council in December 2005, and due to be finalized in 2008-09, is at once an opportunity and a difficult challenge, unpredictable in its outcome. This book deals with the main weaknesses of the EU's finances and tries to explain their originating factors. It also identifies three reforms which seem to be a precondition for progress. These reforms are the establishment of one single revenue system for all member states; the clear identification of specific and verifiable objectives for the programs financed; and, finally, the achievement of full accountability through a single responsibility for implementation of the budget.