Environmental Risk Communications, Inc. (ERCI)
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Project Controls
Project controls is the development of a project plan and the subsequent monitoring of the actual performance against the original plan throughout the project lifecycle. Elements of a project`s plan includes costs, schedules, and resources. Project controls utilize accounting and engineering expertise to continually assess whether a project will be completed on schedule and within budget.
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ERCI helps develop, implement, and improve standard practices for project controls by performing the following tasks on a scheduled, periodic basis:
- Report on monthly spending vs. budget vs. contracted authorization
- Identify real-time reserve balances and any needs for current or near-term reserve adjustments
- Preserve the audit trail for Sarbanes-Oxley or internal audit assessments
- Identity and validate contractor performance of milestones (scope and schedule)
- Recommend payment or denial of any progress payments to contractors
- Identify periodic changes in project risks ("watch list items") which may materially increase project costs
- Identify best practices and lessons learned from similar clients and comparable projects which could lower lifecycle costs
- Standardized practices to ensure consistency, comparability and efficiency of projects
- Higher probability of projects being completed on schedule and within budget
- Measurable project performance tracking capabilities
- Energy
- Chemical
- Manufacturing
- Government
- Automotive