Project Auditing

Our research indicates that organizations throughout the world are losing billions in wasted project spending owing to their mis-management, poor
quality processes, lack of knowledge in how to manage projects, etc. The outcome of project failure is wasted dollars that steal investor profits and have a negative impact on the organisation’s bottom-line.

There are lots of articles and discussions about wasted project spending owing to their mismanagement, poor quality processes, lack of knowledge in how to manage projects, or poor change management and risk management processes. Auditing projects and assessing risk for projects provides organizations with an opportunity to uncover the issues, concerns and challenges encountered during the execution of a project. It aords you with an interim view of what has gone well and what needs to be improved within the project to successfully complete it. Conducting a project audit sometimes referred to as a “project quality review”, mid-way through a project helps struggling projects to get back on track. At the close of a project, they help to develop success criteria for future projects by providing a forensic review.

Understanding the process of auditing and reviewing projects gives you the ability to positively impact the organization’s profits, shareholders and
customers by ensuring the organization makes well-informed decisions about their key projects. They provide an opportunity to uncover the issues, concerns and challenges encountered throughout a project’s execution.

Today’s business climate is challenging. The Ringgit is weaker and the economy is tough. We must seek out the opportunities to strengthen the
management of our projects to achieve optimum performance. This will help identify where we can save time, money and resources while ensuring we continue to meet and exceed our project’s customer requirements.

Who Should Attend

This workshop will be of essential use to:

• Project/ Programme Managers (All levels of experience) who may be audited the projects
• Project Management Office/ PMO who may need to evaluate or monitor projects
• IT Projects
• Internal Auditors who may be requested to perform a project audit
• Compliance Officers

Session Focus

Learn how to conduct an in-depth 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. Project audit case examples will be used throughout the two days. The types of organizations that will benefit include information technology, mining, manufacturing, public sector, oil and gas, pharmaceutical, retail, power/utilities, real estate, construction management and telecommunications. You will work through the major stages of a project audit and quality project review to help improve your own auditing processes. As well, you’ll be engaged in a risk assessment process so that you can apply this to all of your project audits.

Why this workshop is better than others?

• Comprehensive course materials
  • Our in-depth workbook serves as a textbook for easy reference back in your workplace.
• Engaging and participative from the very beginning to the very end.
• Case Studies provide enhanced learning
  • This workshop will use specific cases and examples from your organization to reinforce learning.
• Knowledge sharing. Tremendous amount of knowledge shared through lots of stories and examples provided by the instructor.
• We’ll help you deal with your specific concerns. Lots of opportunities for you share your own concerns, challenges and issues.

If your organization is facing any of these challenges below you can benefit from this workshop

• There are many projects of various sizes within the organization and each department but it is unclear how each one aligns with overall corporate strategy. This leads to resource over-allocation on non-priority projects.
• Resources are stretched and not sure where to spend their time.
• The organization is clear on the expected outcomes from Strategic Initiatives but aren’t sure which ones will help them reach these.
• There is no strategic vision for the management of projects, though the organization may have an overall corporate strategic vision.
• There is no culture which supports the consistent management of all projects.
• Projects are in crisis and there is lots of fire-fighting.
• There is blame and excuses for poor project management.
• Projects are not aligned with the strategic imperatives and are therefore wasting resources, time and budget.
• Organizations are not seeing a positive impact on their bottom-line and/or customers from projects.
• Projects are over-time, over-schedule and/or under-resourced.
• Innovations are failing owing to the poor management of projects.
• Organizations don’t really know how to fix the problem and look for the “new” trend rather than looking at the root cause of the problem which is how projects are being managed.