Project Service Methodology
1) Project Plan Execution (PEP)
PEP contains a structured format of the project scope, objectives and priorities. The PEP provides the template on how the project objectives can be achieved by identifying and high lighting milestones, activities and resources required on the project.
A typical PEP would include:
- Project Design
- Roles and Responsibilities
- Project Organization Structure
- Contracting Strategy
- Project Program
- Administration Control
- Submissions and Approvals Process
- Reporting/Process Requirements
- Health and Safety
- Risk Analysis
- Occupation Plan and Close Out
- Risk Mitigation Strategy
For all projects, the critical requisite is to ascertain the end user requirement and time constraints. By fulfilling these requirements, the finished works are completed on time, within budget and to the expectation of the client.
2) Risk Mitigation Strategy
“Formulating strategy to manage the element of risk”
The second step is an initial risk stage followed by the actual development of a risk management strategy. Risks can never be entirely eradicated on the whole period of the project management; however a proper and comprehensive risk management technique makes the likelihood and impact of risk manageable and can be mitigated. Retain: The basis for any risk management strategy would include:
- Roles and responsibilities for the development stage, implementation stage, and monitoring of the mitigation strategy.
- Formulation of what presents as acceptable risk level.
- Time frames involved
- Control methods to be implemented including roles and responsibilities.
- Reviewing mechanisms and continuous assessment of risk control methods.
- Resources required to execute the strategy successfully.
SBS conducts continuous risk assessments, control and reviews as the projects develops since the risks are constantly changing. The expected result is a risk management plan that is flexible and can easily be adapted.