Project Oversight

Foresight and Planning

Before the shovel even hits the ground, and regardless of the robustness of the planning process, project owners must evaluate and understand what risks – both forseeable and unforeseeable – a project inevitably presents. Project oversight offers an on-going independent and comprehensive review of a project, including its people, processes and effectiveness. Project oversight begins during the planning phase and continues until the project’s completion. Oversight services evolve over the course of the project, but ensure that, at all times, the project is being performed using best industry practices, prudent management decision-making and effective and transparent project controls and reporting methods.

Learn more about independent project oversight from our white paper: The Value of Oversight and Transparency on High-Risk, Bet-Your-Company Projects.

During a project oversight engagement we perform a variety of services including observations, recommendations and risks regarding the following:

Definition PhasePlanning PhaseExecution Phase
Communication PlanProject and Corporate GovernanceMonitor Contract Management
Process for Scope DefinitionProject Controls Systems and Earned Value Management PlanProject Team Mentoring and Suggest Opportunities for Performance Improvement
Regulatory StrategyControl Budgets (detailed vetting of the process, gaps, integration of risks and contingency development)Governance Compliance
Contracting StrategySchedule DevelopmentEnsure Regulatory Documentation for Major Decisions
RFP and Bid Review ProcessMonitor Schedule, Cost Performance and Ensure Functionality of Project Controls
Engineering and Procurement StatusChange Order Review
Project OrganizationClaims Avoidance and Mitigation
Risk Management PlanCommissioning Plan
Project Reporting and MetricsContract Closeout
Dispute Resolutions

Effective project oversight leverages independent and objective perspective to identify and manage risk. Modus Strategic Solutions, Inc. brings unrivaled expertise through a specialized understanding of the risks that plague complex projects, and an authoritative voice to benchmark against industry best practices. Our team of experts has been on the ground and in the board room for multiple, long-term large capital projects, providing meaningful oversight to the stakeholders throughout multiple layers of an organization.

Who Benefits From Project Oversight?

We tailor our services to meet the needs of our audience.

Executive Management/ Internal AuditBoard of DirectorsGovernment/ RegulatorsProject Teams
Effective and independent “eyes and ears”Unbiased and regular reportingIndependent review and oversightSounding board
Strategic and consultative advice on riskTimely and actionable informationTransparency to project statusStrategic thought partner
Mitigate and manage riskAssurance on return on investmentEnsure value for taxpayers or ratepayersIndependent perspective
Provide expert competency to regulatory bodiesIdentify risks and mitigation strategies based upon direct experience
Benchmarking and lessons learned

A Collaborative Approach to Oversight Services

Our team brings a wealth of experience to each and every project, and we encourage our clients to leverage that experience. Our oversight team members believe that it is important to relay our observations and recommendations to the project team in “real time” in order to solve problems as they arise.

 Clear Perspective and Reporting

  • Preparing independent reports that reflect our unrivaled experience and understanding of industry best practices and navigating the risks that plague complex projects
  • Translating “construction-speak” to ensure that project issues and status are easily understood by non-construction professionals
  • Benchmarking project performance metrics against key performance standards
  • Forecasting budget and schedule outcomes
  • Identifying risk and potential mitigation strategies at an early stage

Partnering for Success

  • Working in concert with a project owner’s audit team to measure compliance and provide additional subject matter expertise to identify enterprise-level risks
  • Bridging project management and audit teams to target the standards that matter most to project success