Monitoring the large-scale projects and programs

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