Training Schedule
Auditing Projects
Course Category: Project Management Courses
Duration: 1 day
Price: 595 + VAT
Type: Public, In-House
Starting Dates:
12/02/09 For One Day - Available - Book now »
16/06/09 For One Day - Available - Book now »
In House Training available - Book Now »
Course Overview
During this one day course you will focus on the key aspects to successfully audit projects and by the end of the course will be able to:
- Gain a better understanding of a well developed project business case
- Understand the proper basis for project governance
- Identify the best approach to tracking project costs and their impact on project finances
- Recognise the signs of failing projects
- Forecast variances against project tolerance
- Make audit recommendations
From a better understanding of the above points, you will be able to apply standard audit techniques effectively to support your work in assessing and reporting on the likely success or failure of projects in your organisation.
Course Synopsis
Introduction
• A brief overview of the project life cycle
• The physical nature of audit evidence
Exercise – Quiz
The project business case
• Identifying elements of a project business case
• Project categorisation and strategic alignment
• Evaluating benefits
• Cost identification
• Cost/benefit analysis techniques
• Sensitivity analysis
• Audit approach
Project governance
• Overview of project governance
• The role of the sponsor and other key stakeholders
• The approach to project control
• Contract terms and conditions with third parties
• Change control procedures
• Accounting policies and procedures
• Audit approach
Project tracking
• Assessing the completion of work
• Tying payments to contractual terms
• Recording costs (internal and external)
• Accruals
• Reconciliation with the General Ledger
• Audit approach
Key performance indicators
• Forecasting variances against project tolerance
• Activity-based indicators
Conclusions
• Audit conclusions, recommendation and presentation
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