Overview
Understanding the process of auditing and reviewing projects gives you the ability to positively impact the organization’s profits, shareholders and customers. A project audit is a great tool to ensure that the organization is making well-informed decisions about key projects. Project audits provide an opportunity to uncover the issues, concerns and challenges encountered throughout a project’s execution. It provides an interim view of what has gone well and what needs to be improved within the project to successfully complete it. Conducting a project quality review or project audit also helps struggling projects to get back on track. At the close of a project, it provides a forensic review and will help the project team to develop success criteria for future projects.
The auditing of projects is not generally an internal auditor’s job; however, there are many projects that contribute significantly to the financial performance of an organization and should be audited. Although many auditors may not know or understand the process of managing a project, their analytical skills can be put to great use in this arena.
Session Focus
Learn how to conduct an in-depth project audit; what elements of a project should be audited and how to develop and report on the audit findings to ensure the report findings get implemented. We will use project audit case examples over the full course of the two days. Participants will work through the major stages of a project audit, engaging in a risk assessment process so that they can apply this same process to all their project audits.
Who Should Attend?
- External and Internal Auditors
- Accounting Department Directors and Managers
- Directors of Project Management Offices
- Senior Project Managers
- Program Managers
- Engineers
- Management who are accountable for the successful execution of projects
Key Outcomes
- Understand how to get a crisis project back on track.
- Discover how to complete an effective project quality review/audit from beginning to end that will:
- Uncover the opportunities to successfully complete a project or program within their constraints of time, budget and customer expectations.
- Identify issues, concerns and challenges preventing programme and project success.
- Uncover leadership’s “success criteria” for a project quality review/audit to ensure you will meet management’s individual and collective needs.
- Create your plan for the project quality review/audit.
- Learn how to hold interviews with the steering committee members, sponsors, project team members and key stakeholders who are impacted by the project, to clarify their expectations.
- Analyze a project to get to the root cause of its problems and to determine the opportunities the project quality review/audit will identify.
- Apply a project risk management process.
- Review the project’s change management process.
- Discover how to audit/review the project’s quality.
- Audit the project’s methodology, processes, tools and templates.
- Apply the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK), ISO 10006:2003 Guidelines for Quality Management in Projects and ISO 21500 Guidance on Project Management.
- Analyze the project schedules, budgets and quality performance.
- Discover how to prepare a project audit report and presentation for management including specific recommendations for overall performance improvement of the project.
- Discover how to audit/review the project’s quality.
- Audit the project’s methodology, processes, tools and templates.
- Review the detailed project plan.
- Apply a project audit to an Agile project.
- Discover how to prepare a project audit report and presentation for management including specific recommendations for overall performance improvement of the project.
Course Duration
2 Days