Independent Project Assessment
Assessment of large capital projects gives project owners a snapshot of the status of the project at any given time. It is a way to determine current project status, ideal project status, and any gaps between the two. As many modern organizations have lost the “in-house” capability to produce independent, unbiased project oversight and assessment, the Modus team brings strategic thinking and the benefit of lessons learned across multiple large capital projects to benchmark a project against industry standards. Our depth of expertise offers clear, cost-effective solutions that can bring immediate and positive impact to a project.
Independent project assessment is critical for organizations who:
- Want to target individual areas or a section of a project that may need extra help
- Are implementing large capital expenditure
- Provide insurance or financing for the project
- Report project status to a governing Board of Directors
- Require government or regulatory approvals throughout the project lifecycle
- Want to equip managers with an independent voice to support decision making
- Need to diagnose causes, effects and determine the most appropriate response to issues that arise throughout the project lifecycle
- Adhere and report to third-party stakeholders
Project assessments can occur throughout the project lifecycle:
- Upfront as the project is in the planning phase.
- Readiness to begin project execution
- Mid-point assessments during project execution and/or targeted assessments when problems arise
- Closing/Commissioning assessment of commercial positions to address potential claims and regulatory readiness
And assess a project’s people, process and effectiveness:
Personnel Assessments
- Review of the capabilities of a project team to ensure the right people are available and in the right position to help ensure project success
- Review roles and responsibilities to test quality of communication and decision-making
Process Assessments
- Review of project schedule, budget, metric and controls to measure progress
- Test readiness plans for each project phase, from initial planning to project commissioning
Assessing Effectiveness
- Ensuring the project is deploying the most effective commercial management model
- Identify risk profile and potential gaps to find and fix any flaws in the project plan
- Benchmark project conformance with industry best practices