Record Keeping
In this critical process step, meticulous record keeping is essential to ensure accountability, transparency, and compliance. Accurate and detailed documentation of all transactions, activities, and decisions is maintained in a centralized system or database. This includes but is not limited to, financial records, meeting minutes, correspondence, and relevant reports. The purpose of record keeping is to provide an audit trail, facilitate easy retrieval and reference of information, and enable informed decision-making by stakeholders. All records are stored securely and accessed only by authorized personnel in accordance with established policies and procedures. This process step ensures that all organizational knowledge and experiences are preserved, making it easier for future generations to learn from past successes and mistakes.