Interventions in Committee
 
 
 
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Michael Ferguson
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Michael Ferguson
2017-11-23 9:51
I would suggest probably a couple of things.
One is that when there is the original acceptance of a project—if you're talking about a payroll system or about Shared Services, whatever you're talking about—the chances that the project sponsor will be able to come forward at the conception point of the idea and the acceptance of the project and give a precise number for how much that is going to cost, a precise date for when it is going to be delivered, and a precise number for the end impact in terms of whether there are going to be efficiencies are slight . I would say it would be extremely rare for somebody to be able to come in at the conception of these very complex projects and say this is going to cost x number of dollars, I'm going to deliver it on this date, and it's going to save you this amount of money.
Those things need to be updated during the course of the whole project, based on what is being learned through the course of the project. There will need to be some understanding that this is starting to look more complex than originally thought, so maybe it's going to cost more or maybe we need to delay it some more.
Those things will all have to be considered: “Maybe we can't do everything we thought we were going to be able to do in the first place, or maybe we can do this, but it's not going to provide all the efficiencies that we thought.”
Those things all need to be updated during the course of the project. I think what happens too often is that these projects get anchored on amounts that were established very early on. I think that's one part of understanding these types of projects.
I would say the other thing is to never underestimate the importance of a good governance structure on complex projects. It can't all be in the hands of the individuals or the team that is responsible for delivering the project. There needs to be some oversight by people who are not just the project deliverers. Then there needs to be some independent expertise that can advise the individuals charged with the oversight. That could be by internal audit or outside evaluators, but they should be reporting to the people with the oversight, not reporting to the people who are delivering the project.
I'm not saying that's what's happened in any of these cases. I'm saying that conceptually, those are the types of things I think are needed.
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