This intensive 3-day workshop-style course is designed to focus on the subject and practice of Project Auditing and how to assure project success. This course is designed for anyone working in a project team environment that is increasingly required to manage complex projects. For project assurance an international standard is required to ensure auditing is done according to accepted best practices. The PMI PMBoKĀ® global standard and the project scope and risk management processes that are used are applicable to the majority of projects whatever the industry sector āpetrochemical, construction, telecoms, IT software, finance, banking and others.
Project Managers are expected to manage their projects within the triple constraints of scope, cost, and schedule. Keeping this balance is key to maintaining project control. How does the Business assure itself that its projects and project managers are applying best practices to deal with typical areas of challenge and avoid common pitfalls? This course explores the approaches and tactics that project auditors and senior managers may take to assure the business that projects are governed correctly, and where necessary, the steps that need to be in place to rescue a project that may be in trouble.
Under the pressures of time and increasing levels of crisis some project managers understandably lose sight of the bigger picture and end up trying to ākeep out of troubleā or āfire-fightā with an increasing sense of being out of control. This three-day course will present the students with straightforward approaches to accurately developing an audit plan, a checklist for key areas to spot tropuble, how to set up proper project governance, hyow to correctly identify threats and road blockers to success, what to do to set up correct controls in the project life cycle, how to use earned value as a means of measuring performance early, how to identify potential procurement fraud early and how to spot troubled projects and set them on the road to recovery
Top Learning Objectives
- Understand the benefits of using a Standardised approach to Project Audits and providing Project Assurance to any business
- Use best practice to minimise negative impacts of poor project control
- Describe a typical project auditing lifecycle
- Explain the action required at each phase of the project auditing lifecycle and understand the significance of each phase
- List the key project controls necessary to understand and manage project outcomes effectively
- Understand and apply pro-active risk management techniques as they apply to well run projects
- Explain the key steps required to improve project performance through performance analysis, monitoring and control during project execution and interpreting and reporting project performance throughout a project lifecycle
- Apply this project auditing process to an appropriate case study
Who Should Attend?
The course is designed for Business Executives, Program Managers, Project Auditors, Internal Process Engineers, as well as Project Managers and Team Leads that need to lay a strong foundation for or broaden their understanding of project auditing and assurance processes. Typically, this includes:
- Business Executives, Program Managers, Project Auditors and Process Engineers wishing to familiarise themselves with best practice and prepare for the introduction of auditing and review processes within a project delivery business
- Project Managers wishing to revisit the principles of project best practice or reinforce their existing project skills and knowledge and what to expect if audited.
- Project team members wising to learn more about project management auditing processes and assurance.
- Lead Engineers who are required to provide project leadership and support to the Project Auditing and Assurance process.
- IT technical specialists, such as Architects, Business Analysts, and SW product SMEs moving into project management or team leadership roles, who wish to understand how to spot pitfalls and ways to avoid trouble on projects
- Project Team Leads working within project teams who report to a Project Manager who need to understand how to apply good practices and principles to their project by learning from the Project Auditing and Assurance processes.
Any professional who is interested in improving their skills and gaining a deeper understanding of project auditing is welcome to join.
Trainer's Background
- He has over 45 years of project delivery and over 35 years of training experience. He is using tried and tested good practice based on the PMI PMBOKĀ® Guide Global standard, PMI Practice Standard for Risk Management, and common sense, using standard project management tools, techniques and methods.
- He is a past Chair of the PMI South Regional Committee and past Director of Professional Development for the UK Chapter of the PMI.
- He has helped blue-chip companies deliver successful projects in Asia, the Middle East, Europe, and Africa.
