Project Audit – Pre-Implementation-Audit

– Auditing projects effectively and efficiently from the business case to the successful implementation –

Description:

The economic principles have already arrived in internal auditing. The internal audit function acts in an environment of increasing regulation not only for banks but also for many other businesses. New tasks add to the pressure. Cost cutting also doesn’t stop at the doors of the internal audit function so an efficient approach to audit performance is without alternative. This includes perceivable added value to the organisation. However, the main focus is on the efficient use of the remaining scarce resources. This situation demands for effectiveness and efficiency in all phases of audit work.

The training programme „Efficient Auditing“ addresses the two most relevant questions of modern internal auditing for every phase of audit work.

  • What perceivable added value can the internal audit function provide for the organisation?
  • How can the internal audit function provide this added value with the least resources possible?

Short product life cycles, new technical developments, and increasing regulation demand continuous change in companies. Change is further driven by cost efficiency and rationalisation programs necessary because of global competitiveness. To cope with these needs companies have to strengthen their project portfolio by employing modern project management methods (e.g.  PMBoK, PRINCE2, GPM, ISO 21500).

An effective and efficient project audit starts with the business case. The decision to go forward with a project and to spent the project budget has probably the highest risk in the whole endeavour. Furthermore, the earlier Internal Audit gets involved, the earlier missed relevant controls and regulations can be considered. A good project audit is about compliance, effectiveness, and efficiency. It helps the company to reach its goals and the project team to succeed in the project. This can also include due-diligence audits before new acquisitions and mergers.

After the training the participants know about relevant regulation as well as international audit and project management standards. They are able to assess all stages of a project from the business case to the reaping of its expected benefits by using modern audit and project management tools.

Topics:

  • Challenges of project audits
  • International audit and project management standards
  • Tools for assessing projects
  • Auditing the business case
  • Time and resource planning of projects
  • Independence and objectivity
  • Escalation and communication
  • Documentation
  • Tips & tricks for practice

Training Team

Audit-Championship is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 1.800+ training days and transformation services along an internal audit knowledge value chain.

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Inhouse Training on demand

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Get in touch with us, we look forward to developing a great training event and didactical concept for you and your internal audit team.

Didactics | Methodology

We train you and your team on-site, or we can train you online worldwide in the form of a Virtual Training Series: Interactive lecture, discussion, practical example, case studies, reflection.

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