ISA’s Project Assurance process provides an independent, expert and objective review of the current and potential future performance of government-funded capital infrastructure projects on behalf of the investor (SA Government).
Project Assurance activities are outlined in the Assurance Framework and include:
- Gateway Reviews – conducted at set milestones in a project’s lifecycle
- Health Checks – held where time between Gateway Reviews is excessive
- Deep Dives – undertaken where a specific problem has arisen.
ISA is preparing an Assurance Review Pre-Qualified List (ARQL) of reviewers comprising independent external experts with skills, capability and experience across various stages of project lifecycles and infrastructure sectors from the public or private sector. These service providers may operate as sole traders, partnerships or incorporated companies.
The Assurance Review Pre-Qualified List (ARQL) will be used to select the most suitable Assurance Review Team for each Assurance Review. The reviews are to be undertaken in accordance with our Assurance Framework, which can be found here.