Financial Controls
Financial 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 Forecasts
Developing regular forecasts of project costs based on current conditions. Forecasts may include factors such as overtime and schedule slippage that commonly cause budget overrun.Schedule
Developing project schedule forecasts and monitoring schedule issues.Scope
Control of project scope with structures and processes such as a change control board.Quality Assurance
Monitoring the quality of project processes and outputs.Risk
Ongoing identification and analysis of project risks.Health & Safety
Controls 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 Control
Control of project documents such as a policy of checking all artifact versions into a knowledge management system.Contracts
Contract management controls such as analysis of contract execution. For example, reporting vendor compliance to contract terms such as on time delivery.Vendor Management
Vendor management controls such as reconciliation of invoices.Vendor Side Project Control
A 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 | ||
Type | Project GovernanceProgram ManagementProject Management | |
Definition | Processes, practices, analysis, measurements and systems that are put in place to support project governance, program management and project management. | |
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