Project Audit and Evaluation

Course Overview

The course objective is to give participants methods and tools to carry through the project’s audit or the project’s audit management methodology of the organization. You will be able to address senior executives' concerns related to the project: How is the actual performance of project activities? Is the current risk exposure acceptable to the firm or to the investment plan? Should we save the project?

Course Objectives

The course will help the participants to meet the following objectives:

  • Structuring and managing the project audit’s activity
  • Use the PMBOK® Guide as a referential frame to determine if the project is in danger
  • Determine if the project respects the objectives’ definition
  • Reduce chances of project failure

Course Content

Benefits of Project Audit

  • Understand the needs to an audit
  • General concepts
  • Audit costs & benefits
  • Review on the project management fundamentals

Types of Project Audits and Reviews

  • Informal - formal
  • Internal - External
  • Contractual
  • Planned vs. not planned
  • According to a standard - review by the team
  • Audit scope

Building the Audit Team

  • Assembling the team
  • Organizing the tools and documentation
  • Documenting the audit plan
  • Collect prior information
  • Required qualities from a member of the audit team
  • Who can be a member of the team?
  • Audit team member roles and responsibilities
  • Characteristics of an effective audit team

Selecting Projects to Audit

  • Recognizing the projects at risk
  • What is a project in danger?
  • A modern view on the project audit

Initiating Audits

  • The importance of a sponsor
  • Specifying audit scope and objectives
  • The project audit process
  • The project audit charter

Planning Project Audits and Reviews

  • Critical documentation of the project
  • The interviews
  • Identifying critical areas for examination
  • The factors linked to the organization's environment
  • The organizational processes
  • Building the project management plan

Conducting the Audit

  • The kick off interview
  • Where to start?
  • The tools and techniques

Following-up and mastering project audit

  • The progress documentation
  • The importance of communication
  • The 80% key milestone

Finalizing the Audit

  • The audit’s results
  • The expert’s opinion in project management
  • The report from high management
  • The report for the sponsor
  • The detailed report
  • Closing the project or recovering?

Closing the Audit

  • When should the closing happen?
  • The closing process

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

All Project Management Employees concerned with Audit and Evaluation of Projects

Duration

2 days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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