These days, the markets are highly unstable, and every business is finding a way to sustain itself in the long run. Risk management is a key element of sustainable business management. Risk management is all about analyzing the workflow process to identify the failure points of the business and performing actions to eliminate any potential threats. There are other risk management strategies, but the “maker-taker” notion is one of the most effective.
The maker-checker notion is regarded as a brilliant model of workflow that not only mitigates risk but also plays a key role in project management. It is the central principle of authorization, which means it requires authorization by a second party to complete a task. Let’s know more about the maker-checker concept!
The maker-checker concept, also known as the “Four-eye principle,” is a standard workflow technique that requires the approval of two people. “The four-eye concept refers to the concept of two individuals, where work is done by coordinating two people in such a way that errors are minimized. The maker-checker idea is frequently employed in the business for both routine and non-routine operations.
This concept is commonly applied to routine tasks in business execution. By incorporating the maker-checker concept into the routine job, the chance of negative outcomes is reduced. This can be readily explained with the help of an example. A bank staffer wants to initiate a USD 20,000 transaction but is unable to do so solemnly. He needs two people to verify it, which protects them from fraud. This safeguards the deal against any type of fraud.
To eliminate risk, the nonroutine job is also carried out using the same model. For example, before launching a rocket, all authorities must grant their approval. The rocket is launched when the entire crew agrees with its operation.
This workflow approach is used by many successful firms. The 1view task is one such example. 1view task is a task management application that uses the maker-checker workflow model as its default workflow model. Let’s understand how the 1view task is optimized and shaped with the maker-checker concept.
Maker Checker Concept and 1View Task
1View Task is a task management tool that has helped teams improve their efficiency and manage their tasks and schedules in a loftier way through a single platform. The tool uses a default workflow: the checkerboard concept. Now, the question is: how does the checkerboard concept work with a task manager? The answer is simple!
The task is assigned to the assignee, the person who has to perform the task. The task allotted is to be performed within a certain assigned time, and the assignee gets notified before the deadline appears. For example, a person is assigned a task to design a sample under the assigned tab and it is estimated to take two hours. Now, since the deadline would be two hours, the assignee can set a reminder notification of few minutes before it. This can be 15 minutes or more according to the assignee. Once the task is marked done, the reviewer comes into action.
The second person in the role is the reviewer. The reviewer is the person who checks to see if the task assigned to the assignee was completed. The reviewer then examines the completed job to make changes and provide feedback. When the reviewer submits the changes, the task is returned to the assignee, who works on the reviewer’s recommendations to resubmit the task. The task is deemed complete once it is resubmitted and approved by the reviewer.
For instance, the design that was submitted by the assignee now will be reviewed and analyzed by the reviewer who can be a senior designer or the manager. If the reviewer is satisfied with the task, it is marked done. If not, they can always suggest changes and the task moves back to the assignee.
Though the maker-checker model allows the involvement of only two people, at 1ViewTask, we use a third person, an escalation manager. When both the assignee and the reviewer fail to complete their duties, the escalation manager is notified. In that situation, the escalation manager is the appropriate person to contact to inquire about the task’s status. This way, the maker-checker concept has added to the efficiency of the 1-View task tool for management.
Why the Maker Checker Concept?
The maker-checker concept is regarded as a highly efficient way of distributing authority. For example, if there is no multi-level approval, the person who started the payment can approve it, lowering the security level. This is only one illustration. There are multiple advantages to the workflow model that justify its importance.
Elimination of Human Error and Quality Control
In the maker-checker model, one person works on the job while the other verifies it. Because two people are in charge of the job, the chances of human error are reduced. The job quality improves because the data is checked twice.
Increased Transparency
The reviewer monitors the task at each stage, so he is conscious of the process at all times. This makes the entire process more transparent and allows the reviewer to make a more informed choice.
Improved Efficiency
The model allows the reviewer to suggest corrections and review the task on the tool on a single platform, thus saving the time that would have been spent suggesting changes on a different platform.
Enhanced Security
The checker watches all transactions that occur during the process, removing the possibility of fraud or data breach by external forces. The maker-checker idea increases the security of the business process.
Wrapping Up
The benefits of the maker checker concept have made it a popular option among users. Because of its ability to improve efficiency and team productivity, the idea is widely used as the default workflow.
1view task uses the maker checker model as a default workflow, which helps a lot in the improvement of the entire work process. No matter how critical the task is we at 1view task can perform it efficiently and transparently. The teamwork in this model helps our team to perform in a monitored and systematized manner.
Are you also attempting to collaborate as a group on one specific platform? Your solution is the 1view task. You can register on the site and begin working in a more organized and monitored manner with greater competence. Aside from the workflow, the tool has a plethora of features that make it an excellent option for task management. Visit our website to learn more about the 1view task.
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