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Project controls are processes, systems, measurements and practices that are put in place to support project governance, program management, project management, risk management and compliance within the context of a project. Project controls may be managed by a specialized team of project controllers. Alternatively, they may be implemented by a program or project manager. The following are illustrative examples of project controls.
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.
Project Management
This is the complete list of articles we have written about project management.
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A list of common project risks.
A list of basic project management techniques.
A definition of workaround with examples.
A list of project branding techniques.
A definition of project stakeholder management with examples.
A definition of action plan with examples.
The primary types of cost overrun.
The definition of document control with examples.
A guide to project oversight.
A definition of design driven development with examples.
An overview of change control.
An overview of change requests.
The uncontrolled expansion of a project's scope.
A definition of segregation of duties with examples.
An overview of temporary change with examples.
An overview of control with examples.
Overview of cost variance, a project metric.
The definition of discontinuous change with examples.
The common types of change to a project.
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