Investment Control Process
This allows:
Capital investments/expenditure to be made in accordance with corporate policies and financial authority levels
Capital investments/expenditure to be made in accordance with corporate policies and financial authority levels
Provides a standard management toolkit of documentation for corporate consideration and decision making.
The development control process combines a 3 tier project organization structure, with a set of Control, Gateways to create the go/no go decisions points. The 3-tier project organization structure is set around the authority levels for decision making and allocation of responsibility. It provides clear differential between day to day management of the project and executive approvals as required by corporate policies
These gateways control when and how a project moves from one stage of its life cycle to the next and the level of capital commitment and expenditure authorized.
ICP has a standard project life cycle for capital works projects, comprising the key stages of:
Concept
Design and Procure
Development
Construct and Handover
The Development Control Process comprises the following Control Gateways:
Gateway 1-a
Identification of an opportunity
Gateway 1-b
Approval of opportunity
Gateway 2
Project Appraisal
Gateway 3-a
Outline Design Review
Gateway 3-b
Approval of Submission for Planning Approval
Gateway 4
Detailed Design Review
Gateway 5
Construction Procurement
Gateway 6
Pre-Completion Handover and Occupation Review
Gateway 7
Post Completion Project Close Out
The alignment of these Control Gateways and the project life cycle stages is illustrated below:
A key component of the and the development control process is the project organization structure and how this structure allows for decision making and delegation of responsibilities.
Central to this structure is the application of the concept of Senior Responsible Owner (SRO) for a project. The SRO is the individual selected/nominated by the organization to take ownership and hence accountability for a project. It requires that appropriate powers and authority are resided within this role, as set out by this development control process.
In general Clients normally capital works projects will originate through either ongoing operations or new ventures brought about through business development activities. The SRO is therefore likely to be a senior representative from one of these business units/streams.
Why Innovation Brains Solutions?
IBS, ensure that sufficient data is at hand at all times, deviations can be quickly managed in ways that will support project objectives and stakeholders while minimizing the disruption to the project’s execution.