Value and project assurance

6 important questions on Value and project assurance

What is meant with project control

Project internal processes to help ensure the performance according to plan, budget and quality

What is meant with project assurance

Are we planning/executing the right project? (Client: PM)

State the 3 lines of defense and explain briefly

LOD1: Project in control: Integrated process controls exercised by project team. Are operations going as they should?

LOD2: Management in control: Project assurance over the total project delivery. Milestone based. Is everything finished as planned and are required results realized?

LOD3: auditors in control: auditors (external) study the design and effectiveness of project. Less need if LOD 1 &2 are ok.
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What is product quality?

Degree to which a set of inherent characteristics fulfills requirements

What is process quality

How project is managed: Profitibility, resources, risk, budgets, schedules. Did everything go right.

Which activities are important when thinking about fit for purpose?

Spending enough time with FED
Agree with assurance staff what deliverables are
Selection of the right staff

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