Object:
- The control system of the company on the whole or its separate structural subdivisions.
What we do?
- We investigate the implementation progress of investment projects/programs.
- We create (or improve) a full-featured company’s operating system for monitoring of the implementation progress of investment projects/programs.
Who is interested?
- Companies of any form of ownership and with different spheres of activity.
- Public authorities.
- Banks.
Why do we do it?
- Usually there are no effective monitoring systems to control the implementation progress of investment projects/programs at companies.
- Stakeholders’/top management’s need in getting timely and reliable information on the implementation progress of the priority projects/programs.
The objectives of monitoring are:
- Formation of an objective assessment of the project implementation progress
- Opportunity to make informed decisions to adjust the project implementation plan
- Increase of the quality of project planning
In order to achieve mentioned objectives the following tasks have to be solved:
- Conducting of regular monitoring of the deviations of project’s actual (forecast) parameters: time, cost, resources (human resources, material and technical resources (MTR))
- Determination of the reasons(factors) that have caused deviations from the projects’ plans
- Analysis of the project possible risks and challenges
- Development of measures to respond to risks and to solve problems
- Formation of statistics for decision-making to improve the quality of the project planning
The main principles of the monitoring are:
- Regularity
- Comprehensiveness. Monitoring should be carried out in a complex with project key indicators for all unfinished project phases/stages/tasks/milestones (depending on required monitoring level)
- Objectivity of the results. During the monitoring deviations are calculated on all parameters of the project and the Integral deviation is calculated
- Every deviation has its quantitative and qualitative measures
- Effectiveness. Monitoring allows you to identify deviations, to identify reasons (factors) that have caused deviations, as well as to create a list of measures to eliminate them
Stages of the monitoring system making:
- Conducting of a rapid analysis of the current situation in terms of monitoring and preparation of proposals to solve problems
- Development of target model of the monitoring process
- Preparation a methodological framework for the monitoring process
- Automation of the monitoring processes
Positive effect:
- Obtaining of topical, consolidated information on investment project/program on a real-time basis
- Timely response to the risks and problematic situations
- Compliance with planned targets of investment projects/programs