 |
Malose Chaba,
group executive
responsible for
assurance |
The Murray & Roberts group
assurance initiative has made
significant progress in its
first year.
Under leadership of executive director Malose Chaba, group assurance has consolidated
internal audit with risk management to give improved oversight of technical and operations
performance.
KPMG has been appointed as the Group’s internal audit partner to cater for the increased
scope and complexity of our operations. The rolling three-year internal audit plan has been
enhanced as a result of the partnership. The priority for the 2011 financial year is to monitor
implementation of King III, including a readiness survey and audits.
Standard key performance indicators (KPIs) have been agreed for all project and manufacturing
businesses, that identify and measure technical and operational performance. These KPIs
incorporate financial, schedule, contractual, performance, capacity utilisation, human
resources, supply chain and safety parameters.
The opportunity management system (OMS) monitors the performance of all active projects
which are reported on a monthly basis. Version 3 of the OMS is under development in a pilot
study at Concor, Murray & Roberts Marine, Hall Longmore and Cementation.
Some policy and procedure gaps have been identified in information management, stakeholder
management and legal compliance practices across the Group. These are being rectified with
new standardised policies. |
Capabilities
