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Project Controls for the Owner Team

 

The project controls function has a vital role to play in a capital project.  However “Project Controls” can mean different things to different people.  To some it refers to the team that produces the monthly cost and schedule status.  To others the project controls team is concerned with forecasting the likely outcome of the project,  based on interpreting the current trajectory against the planned work and comparing progress against similar industrial projects.  

Project controls is applicable both in the owner organisation and in the engineering contractor, and there are important differences in the role between the roles and responsibilities in the different contexts.

OTC is planning on releasing a series of practical guides aimed at the project controls professional, as well as other participants on the project.  These guides are intended to complement the published literature with plenty of practical examples, advice born from experience and tips.   This overview guide provides the foundation and introduces the subjects that will be covered in the future project controls guides.

 

Here’s what you will discover:

  • What is project controls in the context of an owner organisation
  • The important differences between the project controls function and the project services function
  • The series of practical guides covering inter-alia
    • Roles and responsibilities within the project controls disciplines
    • Cost management
    • Schedule management
    • Integrating cost and schedule
    • Progress measurement and earned value
    • Change management
    • Analysing, forecasting and reporting
    • Close-out and feedback including project reviews and lessons learned
    • The cost engineering gate readiness model
    • Basis documents for estimating, cost control and planning
    • Project controls plan
    • Audits

You can download your own copy of the guide from the OTC Toolkits Membership site.  (Log-in required).

 

– The OTC Toolkits Team