Project Finance

Question 1

Explain Change Control Process on Project Winchester

Answer 1

1. Change Control is raised (should include scope of the change, originator, indication of programme and cost impact).
2. Cost estimate of the change is produced and/or programme impact ( if programme permits request for quotation is issued)
3. Change submitted for approval to the Client
   - ————–
   4a. If rejected - reason for rejection is recorded and change closed.
   - ————–
   5a. If approved change to be instructed, CE to be raised if relevant
   5b. cost agreed between Contractor and us
   5c. budget allocation adjusted
   5d. Client’s cost approval before the implementation
   5e. CE implemented.