Crossrail - commercial assurance
Speakers: Richard Wood
Event Type: Webinar
The scope of Commercial Assurance spans across the Crossrail Programme, with a particular focus on contracts where Crossrail had directly engaged main contractors. Commercial Assurance reviews are focused on assessing, supporting and ultimately assuring that the delivery teams and Tier 1 suppliers working across the Programme are operating to a level of commercial performance that will enable cost and commercial objectives to be met – the principal being the achievement of value for money and predictability.
A programme controls approach was needed to integrate commercial management information to support decision making by the leadership team. A periodic Programme Controls Working Group meeting, combined with commercial data and trend analysis, facilitated a good understanding of commercial performance across each of the programme controls functional areas. This effectively highlighted areas of commercial risk, enabled the targeted deployment of functional specialists to undertake further assurance work, and improvement action plans to be developed.
This webinar outlines how commercial indicators can be used to better profile commercial risk to inform more effective management action and intervention. It will be relevant to any project developing and setting up an approach to measuring commercial performance, or developing initiatives to improve commercial performance during the delivery phase.
Find out more on the Crossrail Learning Legacy website.