Course Description

Internal auditors at the leading edge of risk awareness are being called upon to give assurance that organizational change is being properly governed and managed. Organisations are no longer happy to pour huge sums of money into late, under-functional and over budget projects. This course covers the techniques used to audit all stages of projects, project management, outsourced contracts and project risk, from the original assessment of viability and decision making process, through the agreement of objectives, selection of partner and effective monitoring of the service delivery itself.
This course is designed to introduce the participants to the concepts of projects, project management, outsourced contracts and project risk and the potential impact on business processes. It enables them to consider how they can provide the assurance that senior management, the Board and other stakeholders seek when considering the accountability of contracting processes and the achievement of objectives.
 

Course Goal

To enhance the participants’ knowledge, skills and abilities necessary to audit projects, project management, outsourced contracts and project risk and evaluate the potential impact on business processes.

Course Objectives

By the end of this course, participant will be able to:

• Identify the differences between program and project management.
• Understand the roles individuals play in project success.
• Identify how risk materializes within live projects and, left uncontrolled, causes projects to fail.
• Plan for involvement in projects, project management, outsourced contracts and project risk audits.
• Outline how different assessment strategies are deployed at different project stages and     how these should be    integrated with the project or contracts timeline.
• Appreciate the interplay between risk, timescale and cost.

Who Can Benefit

• Those requiring a fundamental understanding of the subject. 
• Internal auditor who are already practicing internal audit and have a basic understanding of the subject.