Introduction
Every company has projects and some degree of a project management process, but it does make sense from time to time to audit both a project and a project management process to make sure that you are eliminating costs and waste in time. this course promise to enhance your skills in project and contract audit to enable you to save cost and time for your organization and ensure that projects and contract perform according to specifications.
Training Objectives
at the end of this course the delegates will be able to ;
- Understanding the integration of projects and contractors
- Techniques for project risk assessment
- Appreciating how audit planning impacts audit process
- Skills to conduct the audit of projects and contractors
- Development of management skills in audit process
- Formulation of audit findings for effective implementation
- How to use project audit to improve project efficiency and outputs
Target Audience
- Internal Audit managers and executives
- Project auditors and managers
- Any finance executive who is interested in understanding audit of projects and contracts
Training Content
Overview of Projects and Contractors
- Overview of the project management process
- Project activities and lifecycle
- Key players within projects
- Basic terminology of project management
- Understanding the procurement process
- Scope of contractors in the project
- Compliance background
Risks and Objectives of the Audit
- Project assurance
- Definition of the project audit
- Objectives of the project audit
- Benefit of the audit
- Users of the audit
- Principles of the project audit
- Risks and responses of projects
- Risk and responses of contractors
Project Audit Process and Planning
- Process of the project audit:
- Preparatory phase
- Performance phase
- Evaluation / analytical phase
- Conclusion phase
- Pre-engagement planning
- Risk assessment
- Review of resources
- Overview of audit methodology
Audit Methodology
- Audit methodology according to individual phases and areas
- “Project initiation†phase
- The “Project proposal†phase
- The “Project planning†phase
- The “Project realisation†phase
- The “Project completion†phase
- Behavioural competence
- Overall evaluation
- Basic audit structure
- Audit of procurement process
- Audit of engagement with contractors
Audit Implementation and Reporting
- Practical implementation of the audit process
- Common issues of the process
- Ethical considerations
- Dealing with stakeholders
- Application of resources
- Writing the audit report
- Audit report content
- Presenting / implementing audit report
- Implementation of best practices
