Friday, August 04, 2023

Risk Mitigation - Delegation Approvals




Most large organisations formalise their authority and accountability via a delegation schedule. These delegations can relate to numerous functional areas such as regulatory, safety, employment, or financial decisions to name a key few.

Ever have that "Oh no" feeling when the delegation schedule failed because the incorrect spreadsheet was shared, it was the wrong version or was sent to the wrong person? When subsequent invalid approval is made, it's all too late. The money's gone and compliance has not been met!

The ramifications are considerable, potentially costing millions, depending on the size of the project.

This is just one example risk that is eliminated when using UniPhi portfolio and project management software.

Other key benefits realised when using UniPhi include:

  1. Real time progress reports with automatically updated data, eliminating any transposing, manual file structuring. Information you can trust for prompt, accurate decision making.
  2. Auto generated documentation. With document templates, the structure and coding of a contract is established once.  This secures all subsequent progress claims with the automated workflow of approvals. There is no time, effort or error risks wasted on re-works.
  3. Anywhere access. Managers and delegation approvers can track the correspondence of a variation or RFI while in a PCG meeting, clarify and update on the spot in meetings prior to approvals. Monitor in real time from anywhere the status of invoices, costs, budget changes and risks.  Reduce your pressures and save hours of lost productivity per week.

Time saved on tasks can be as much as 30% or more on an overall project and project value dependent, the profits gained can be upward of a 10% increase or more just by the reduced errors and duplication of repetitive administrative tasks.

Book a Demo to see what UniPhi can do to support your delegation team and mitigate the risks.




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