Procon IQ offers a Project Governance Assessment Service, either as the first phase of a Project Controls Framework implementation or as a stand-alone service. The Assessment Service is our first opportunity to illustrate the Procon IQ philosophy of transparency, empowerment, and simplification. There are two major variables that define the nature of the Project Governance Assessment engagement. They are context and function.
We can review and assess the project governance capabilities of your organization as a whole. We can also review a portion of your organization. The context of the assessment is the portion of your organization or program that you would like assessed, and their associated strategic priorities. For example, a power company could want an assessment for its plant procurement organization. Such an assessment would be informed by the company's expansion plans or requirements, potential changes in power generation technologies used, and incentive programs associated with use and buyback of renewably generated energy.
Our Project Governance Assessment service can come in numerous functional forms. The most common are diagnostic, readiness assessment, and audit. As a diagnostic, the service can identify process and data gaps between in your existing environment and best practices in the industry. Our team will work with your existing departments to understand existing processes. Once the discovery phase is complete we can develop an executive overview as well as detailed implementation recommendations that identify the company's points of pain and how to address them.
For organizations that have already decided to implement a Project Controls Framework, the service acts as a readiness assessment. Procon IQ examines the systems and roles within your existing environment to see if your organizational structure and control framework match their governance strategy. We examine whether the appropriate levels of accountability and empowerment exist, and if they are aligned with the strategic priorities that you expect your Project Controls Framework to support. Processes and systems alone do not empower an organization. We analyze whether the culture of the environment supports the pro-active management that a Project Controls Framework enables.
Finally, as a Project Controls Audit, the service evaluates your existing control framework. Whether it has regulatory or contractual requirements or simply a value-realization goal, such a framework has to deliver. We validate the data flow from end-to-end, examine each process and workflow, and follow each accountability chain to its end. Our firm's base of Project Controls experience, developed over decades of work on multi-national, multi-year, and multi-billion dollar projects, informs the Audit service. Depending on your needs, we can provide sensitivity analysis, identifying how the Framework would react to a range of project variances, and we can develop recommendations to optimize the Project Controls Framework and/or tailor it to specific projects.
The Project Governance Assessment service is an important element of our portfolio, and we recommend it to any organization with a significant development program. It is guaranteed, at a relatively low cost, to tell you something about how your program is managed and the gaps that it allows between your strategic plan and the structure you have built to execute it. At the same time, it allows us to gather the information necessary to create Project Controls solutions tailored for your needs, priorities, and capabilities. We look forward to getting to know you.
