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Project Monitoring and Programme Analysis

Project Monitoring and Programme Analysis


Accompanying the ever increasing demand for ALOP and DSU cover for CAR / EAR risks, there is an indispensable need for contract works project monitoring.

In dealing with complex ALOP / DSU claims it is essential to understand and be able to interrogate project scheduling data in its native file format.

This commonly involves proficiency in scheduling software such as Oracle Primavera or Microsoft Project in order to review critical paths or impacts thereon in order to assess delay exposures arising from insured and uninsured events.

In this regard Advanta works closely with programming specialists in order to deliver an in-house service to the Insurance and Reinsurance markets.

An outline of Advanta’s standard ALOP and DSU monitoring scope includes:

• Monitoring actual works progress against the scheduled programme in order to identify any programme delays.
• Identification and measurement of the impact of any losses that may trigger a DSU claim.
• Identification of risk exposures and subsequent development of suitable loss prevention and / or minimisation measures.
• Identification and monitoring of third parties’ liabilities.