Rygnestad

Rygnestad Group LLC

Project
Controls


Rygnestad

Kristin
Hild

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Services:    Project Controls   |   Financial Models

Project Controls

I believe that a successful project requires continuous follow-up. This holds true for small projects as well as for multi million dollar projects; for research projects as well as construction projects.

Some examples of what our project management services can include:

  Contract Support:

  • Provide input into commercial terms such as reimbursable cost inclusions to minimize subsequent disputes.
  • Ongoing detailed invoice reviews including follow-up with contractors.
  • Track and report on budget, actual spending and changes in forecast for individual contracts.

  Procedures:

  • Establish procedures and controls during initial planning stages.
  • Set up and manage procedures for receiving, reviewing, and approving invoices.
  • Set up Chart of Accounts according to the specific needs and structure of the project.

  Cost Control and Reporting:

  • Define owner's scope and prepare owner's cost estimate.
  • Prepare overall project description including scope, costs and schedule to be used as a baseline for project controls.
  • Prepare periodic project updates highlighting changes to scope, cost and schedule.
  • Prepare monthly cost reports including: spending vs. budget; commitments; and forecast at completion.
  • Track budget deviations and scope changes.
  • Perform contingency tracking and analysis.
  • Prepare periodic cash flow projections for management.

  Audits:

  • Implement periodic review of project status in terms of scope, cost and schedule.
  • Audit major (sub)contractors to ensure compliance with contractual obligations.
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Last updated February 2017
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