Financial ControlsFinancial controls that are used to administer a project budget. For example, a system of approvals for vendor payments. This typically extends the financial controls of an organization to achieve project specific objectives such as influencing the vendor to complete work.
Budget ForecastsDeveloping regular forecasts of project costs based on current conditions. Forecasts may include factors such as overtime and schedule slippage that commonly cause budget overrun.
ScheduleDeveloping project schedule forecasts and monitoring schedule issues.
ScopeControl of project scope with structures and processes such as a change control board.
Quality AssuranceMonitoring the quality of project processes and outputs.
RiskOngoing identification and analysis of project risks.
Health & SafetyControls put in place to ensure the health & safety of the people on a project. For example, establishing a safety culture within the context of a project.
Document ControlControl of project documents such as a policy of checking all artifact versions into a knowledge management system.
ContractsContract management controls such as analysis of contract execution. For example, reporting vendor compliance to contract terms such as on time delivery.
Vendor ManagementVendor management controls such as reconciliation of invoices.
Vendor Side Project ControlA vendor who has a large number of resources on a project may assign a non-billable project controller to manage risks from the vendor perspective. This can include analysis of delivery quality, revenue, pricing, client credit, payment, client relationship management and risks of disputes with the client.
|Overview: Project Controls
Processes, practices, analysis, measurements and systems that are put in place to support project governance, program management and project management.