UBITS provides the expertise to manage projects from the conceptual phase through the planning, design and implementation to operation. Apart from the standard Project Management Steps that all project management companies follow, we pride ourselves as a hard programme controlled project Management Company where we draw control systems as follows:
Initiation programme: brief approval and finalization, developmental constraints, order of magnitudes, concept development & project viability. This also defines the project mission. The brief is a worded document outlining what has to be done and the boundaries of the project. A project charter is defined.
Risk Analysis and Risk Management
A risk is an event, which is uncertain and has a negative impact on some activity.
Risk analysis is the process of quantitatively or qualitatively assessing risks. It involves estimating both the uncertainty of the risk and its impact.
Risk management is the use of risk analysis to devise management strategies to reduce risk.
In project management, these techniques are used to address the following questions:
During the Project Execution phase the project team produces the deliverables while the project manager monitors and controls the project delivery by undertaking: - tracking and recording time spent on tasks against the Project Plan; identifying and recording costs against the project budget; reviewing the quality of the deliverables and management processes; reviewing and implementing requests for changes to the project; assessing the level of project risk and taking action to minimize it; identifying and resolving project issues; identifying the completion of deliverables and gaining the customer’s acceptance and keeping stakeholders informed of project progress, risks and issues.