Major capital projects involve many decisions that have to be made based on incomplete information, assumptions and the personal experience of project professionals. This inevitably leads to changes which can interrupt the flow of work, create delays, cause schedule slippage and inflate costs. These in turn can lead to dissatisfaction and costly litigation. Managing change effectively is crucial to the success of a project.

Coreworx Change Management effectively manages your integrated change control process, incorporating best practices to monitor and control your major capital projects. An open environment where project team members can submit a change request for prompt evaluation and classification, changes may be identified by external parties such as a customer, contractor or subcontractor. A preliminary assessment of potential impacts as well as identifying document requirements results in either an approval or rejection of the change request. All affected parties are informed of the change request and real-time monitoring of key metrics provide complete traceability for every approved change.

Project change arises from any event which results in a modification to the original project scope, execution time or cost of work.  When a potential change is identified the Coreworx Change Management process is intended to capture information about a change request and move it through a review cycle to assess impacts of the change. Every change creates a responsibility matrix that identifies the appropriate coordinator, approver, participants, and informed work group based on the change type, assessed cost and scheduled delay. Task assignments are created for both direct and indirect impacts. How a Project Manager monitors and controls project change has a tremendous impact on the financial performance of major capital projects.

Improving change management results in significant savings in total installed costs, increased project efficiency, more reliable schedules and end-user satisfaction