project assurance or programme assurance is a discipline that seeks to provide an independent and objective oversight of the likely future performance of major projects for those responsible for sanctioning, financing or insuring such undertakings. project assurance is in contrast with related disciplines such as project management, project benchmarking, value assurance or phase–gate model and project risk assessment. it is now recognised that the original approach of audits of hard disciplines (methods, tools, processes) and soft skills (leadership, people management) need to be extended to include elements such as the context, content and complexity of a project and its environment – with appropriate levels of granularity and precision – to identify critical success factors and barriers to success. project or programme assurance uses technical, strategic and contractual expertise to audit project plans and personnel and develop a forecast of likely technical, economic, and safety performance and critical success factors.
[1] the key features of this approach to project assurance are a critical review of the project plan and personnel by an expert independent organisation with expertise in benchmarking and project execution. project assurance is also recognised by prince2 – a project management methodology, in an attempt to address the need in project organisation for monitoring all aspects of the project’s performance and products independently of the project manager. project assurance supported senior responsible owners (sros) and others responsible for successful delivery whilst providing funders and other stakeholders with the confidence that the project could deliver to time, budget and quality. the uk government has also set up a project assurance organisation called the major projects authority that works with hm treasury to grow project assurance capabilities in government and deliver project assurance services for high risk government-sponsored projects. mega-project assurance would be specific to (portfolios, program, and/or projects) that exceed $1 billion in estimated investment value.
project assurance is the process of critically assessing the health and viability of a project (at the risk of over-simplifying it, think of it as an audit function). assurance is about ongoing validation of the project in terms of costs and benefits, that the users’ requirements are or will be met, and that the project is delivering the right solution not just a solution. the key features of this approach to project assurance is a critical review of the project plan and personnel by an independent expert organisation with specialisation in benchmarking and project execution.
these additional lines of defence are there to ensure the project remain objective and report unbiased results. it is now more critical than ever that fundamental considerations will need to provide confidence and assurance to decision-makers on the vulnerability, exposure and assurance of project success. 7 critical factors involved in a project assurance review and how your operation could benefit from an overhaul during the limbo of lockdown […]
project assurance is broader than quality assurance in that it spans the three areas that can impact your project (e.g., business environment, project framework pwc lunch & learn – project assurance overview. 3. project management practices. the 12. elements of. delivery. excellence. project assurance or programme assurance is a discipline that seeks to provide an independent and objective oversight of the likely future performance of, project assurance template, project assurance template, what is project assurance in prince2, project assurance training, project assurance vs quality assurance.
the project assurance discipline requires the technical, strategic and contractual expertise to undertake a meaningful review and audit of project plans, project assurance training guide. enterprise project management office. georgia technology authority. state of georgia .gov. may 2012 the lack of a definitive framework and the resulting variation of approach reduces the confidence in assurance planning, management and outputs,, project assurance in project management, project assurance audit, project assurance roles and responsibilities, project assurance review, project assurance meaning, project assurance tools, project risk assurance, programme assurance, project assurance manager job description, project assurance officer.
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