Independent Oversight, Verification & Validation (OV&V)
The discipline of Independent Oversight, Verification & Validation (OV&V) is gaining popularity with clients who are implementing complex systems where the cost ranges from $5M to upwards of $100M. The need to mitigate the risk of project failures, schedule delays, and/or or budget over-runs is critical given the size of investment.
VIP's OV&V services provide our clients with an independent set of eyes to assess and monitor project health. The services are tailored to meet the unique needs of each client and the activities are structured to generally accomplish three things:
- Monitor risks, issues, schedule, and budget. Establish and report independent earned value metrics to track and monitor project performance. (oversight)
- Determine whether the products expected within the scope of a particular phase in the development process are consistent with the requirements of that phase and the preceding phase. (verification)
- Provide independent assurance (and testing) that the final product satisfies the system requirements. (validation)
|