Riyadh Bank Project Management Overview
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Mohamed A.HanafyRiyadh Bank Project Management Overview
Uploaded by
Mohamed A.Hanafy- Scope of Services
- Project Brief
- Project Value and Duration
Common questions
Powered by AIKEO ensures compliance with quality assurance and health, safety, and environment (HSE) standards by instituting QA/QC and HSE processes that contractors must adhere to within their scope of work. KEO ensures that contractors effectively apply these processes throughout the project .
KEO's Project Management Plan includes detailed tools and procedures to manage project execution, administration and coordination, project quality, health and safety, planning and scheduling, progress measurement and reporting, document control, communication, and project variation and closeout procedures. They also establish an email protocol and request for information register .
KEO manages project cost estimation and budgeting by monitoring and controlling contract costs relative to the budget. They review the contractor's cost breakdown to ensure its adequacy for budget control. KEO compiles and submits cost and progress analyses, prepares cost estimates incorporating variations, and updates cash flow estimates monthly. They also review the contractor's procurement plan and endorse monthly payments for processing by Riyadh Bank .
KEO's role in proposal evaluation management involves clarifying, evaluating, and reporting on proposals. While Riyadh Bank evaluates the technical and commercial aspects, KEO formulates and finalizes the form of contract, drafting general and particular requirement conditions .
KEO's strategy for tracking and reporting project time involves preparing and submitting a detailed work plan and approving the project schedule. They monitor work progress monthly, prepare executive reports covering site activities, and include performance indicators in data reports. KEO updates the master plan by consolidating contractor data to develop a comprehensive schedule .
KEO manages contractor claims and variations by handling the claims process to safeguard Riyadh Bank's interests. They resolve claim disagreements within seven days, conduct settlement negotiations, and mediate all contractor claims. KEO assists in any dispute resolution proceedings and checks the impact of resolutions that may alter project cost or timeline. They also aid in administering variations through analysis, evaluation, documentation, and negotiation support .
KEO's approach to design management involves reviewing, evaluating, and approving design criteria and documents to ensure compliance with project requirements and specified codes. They provide advice on cost savings without compromising quality and safety standards. If design work is non-compliant, KEO will instruct redesigns and approve related shop drawings and material submittals .
KEO ensures effective communication and documentation management by reviewing, evaluating, and approving the project's procedure manual and communication matrix after Riyadh Bank's approval. They organize regular and required meetings, creating agendas to resolve issues and assign actions to stakeholders. KEO maintains a record of documents and samples, ensuring this information is submitted to Riyadh Bank at the project's end. They also maintain effective communication by liaising with relevant teams and contractors to monitor the information flow .
KEO plans to manage and report project risks by preparing and updating a Risk Management Plan. They are to ensure all risk management requirements are implemented and involve identifying risks, performing both qualitative and quantitative risk analyses, developing risk responses, and monitoring and controlling risks. Communication and documentation are crucial components of this risk management process .
KEO is tasked with a variety of responsibilities in managing and supervising construction projects for Riyadh Bank. These include reviewing design proposals, managing and supervising construction works, evaluating and approving contracts issued by Riyadh Bank during the project duration, and evaluating bidding documents related to design, supply, installation, and commissioning. KEO is also required to coordinate with other Riyadh Bank departments, attend project meetings, and prepare minutes and follow-up actions. Additionally, they need to manage project time, cost, quality, interface, health and safety, value engineering, communication, risk, claims, variation, installation supervision, defect liability, and project closeout management .
