H.7.9 Ongoing review
Contract management processes must change and adapt throughout the lifecycle of a PPP contract, and therefore should be reviewed on an ongoing basis to ensure that management is sufficiently informed of current and emerging risks and issues. In addition to regular reviews, the impact of the following events should be considered as and when they occur:
• divergence between each party's expectations and actual project outcomes;
• changes in the project itself through change events, contingency events, or as a result of the project moving from one stage to another in its lifecycle; and
• changes in the external environment in which the project operates.
Ongoing review of contract management practices and outcomes not only benefits individual projects, but can also provide knowledge to be shared across a range of PPP projects.
Ongoing review of contract management processes ensures that those processes change and adapt throughout the lifecycle of a PPP project and knowledge gained through those processes is retained and spread. |