What does tailored project oversight mean and what are some examples?
The new project approval process provides greater flexibility to departments and TBS, to propose and recommend more tailored and scalable monitoring and control mechanisms to TB in support of their oversight of specific projects. This approach promotes innovation and supports the sponsoring department’s efforts to determine the best suited monitoring and control measures which reflect and respond to the specific aspects of the project which make it risky and complex. The development of an effective and meaningful monitoring and control framework is to be informed by the Project Complexity and Risk Assessment. For example: the one-size-fits all, two stage-gate approach may not be relevant to all projects and may not be the best suited control framework for every project. The monitoring and control activities of many, more complex, long-term and developmental projects would be improved through a number of stage-gate approvals and/or other key decision points, over the life-cycle of the p
