One of the most challenging decisions a capital-intensive organization can make is funding a project. Stakeholders need to determine whether the project is sufficiently defined for full funding, the proper upfront work has been done to provide an achievable cost and schedule, and the project and organizational risks are fully understood. These are just a few critical questions that must be answered for management to make an informed decision and, more importantly, be aware of the risk and how it impacts the organization.
Large or modest-sized capital projects may fail to meet their project objectives if they are not properly developed and managed. Interface Consulting has a robust process for auditing projects prior to sanction and identifying the areas that need improvement. Our assessment is conducted by consultants who have years of experience and a deep understanding of critical project success factors. Our experts have also led projects, often in international locations.
The Project Audit Process
Interface Consulting’s project audit is an independent, unbiased, proprietary assessment of project health that addresses 33 key components in five critical areas related to business, organization, and planning. In Interface’s experience, these 33 components are predictors of project success and provide a “no surprises” view of the likelihood of a favorable outcome.
These factors are listed below:
Illustrated below is our project audit process:
After the assessment, Interface Consulting provides clients a report with detailed findings, a red-yellow-green scorecard for each of the 33 competencies, and actionable recommendations that management and the project team can implement to support project success.
As an example, below are two sample extracts from a final report.
Assessment of 33 Project Competencies
Through the project audit, Interface Consulting relies on decades of industry experience to provide clients with an unbiased, third-party view of their project strengths and areas for improvement prior to sanction. This information can assist project management in determining what can be done to increase the probability of project success and potentially realize business and economic objectives.