Auditing Project Management and Project Risk

The risk attached to projects is often high and projects frequently have the potential to significantly affect an organisation’s activities. Internal auditors need to make a contribution by providing assurance and helping improve the management of projects and the way that project risks are handled. This helps internal audit improve its status and be seen as core to ensuring the viability of the organisation’s strategies, economic viability and reputation.

This course covers the essence of auditing project management and project risk, no matter what project management methodology is used in your organisation. It is as relevant to Prince 2 users as it is to PIMBOK users or those not using any formal project management methodology.

The course covers:

• Each key step in managing a project and auditing project management
• Cutting through the complicated project management frameworks and methodologies to get to the essence of managing a project
• Key KPIs for project management
• Understanding project risks and their mitigation
• Auditing project strategy documents, as many projects fail because the strategies are faulty or inadequate
• Auditing project gates, as opportunities are often missed at this point to increase efficiencies and avoid wastage
• Probity aspects of project management, as projects can be heavily criticised even though they were otherwise successful but had probity problems
• A useful and practical methodology for auditing projects and project risk