Full-Cycle Internal Controls Review: Design and execute a full, end-to-end review of all internal controls across the entire project lifecycle, from initial master planning and pre-Contracting, post contracting through to project delivery, closeout, and handover.
Process of usual control review: Conduct operational, financial, and compliance review of key processes including:
Procurement and Commercial Management: Review bidding, contracting, change orders, and payment processes.
Project Cost Control and Budgeting: Assess cost estimates, tracking, variance analysis, and cash flow management.
Engineering and Design Management: Verify control over design changes, document control, and adherence to technical specifications.
Project Scheduling and Milestones: Evaluate control effectiveness over schedule adherence and delay management.
Risk Assessment: Identify, assess, and prioritize business risks specific to the construction and engineering environment (e.g., contractual, regulatory, safety, financial, operational).
Compliance and Governance: Ensure strict adherence to internal policies, industry standards, laws, and regulations (e.g., safety, environmental, labor, and accounting standards).
Reporting and Recommendations: Prepare detailed, high-quality reports with clear findings and practical, value-added recommendations for corrective actions and process improvements. Present findings to senior management.
Follow-up: Monitor and track the implementation of management's corrective actions to ensure timely and effective resolution of identified issues.
