Auditing Projects and Project Risk

AUDITING PROJECTS AND PROJECT RISK

PLEASE NOTE: This course is run in partnership with the Institute of Internal Auditors (IIA). Please visit the IIA's website or call the IIA's Training & Events Department on 0207 498 0101 for course cost and details of how to book.

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COURSE OVERVIEW

No-one wants to squander vast sums of money on under-functional or over-budget projects. And, increasingly, those who have risk related roles are being asked to provide assurance that project risks are being assessed, governed and minimised. This course provides an intellectually simulating introduction to the subject of projects and project risk.

COURSE BENEFITS

Skills:

After completion of this course, you will be able to:

Identify critical differences between programmes and projects
Evaluate the interplay between risk, cost and time
Plan for project and programme audits
Describe types of review that are used to assess projects
Identify when to assess project and programme risk
Perform project risk reviews
Report on project risks

Support Materials:

This course is accompanied by an extensive and indexed manual for use on return to work.

WHO SHOULD ATTEND

Anyone responsible for assessing or auditing project or programme risk. This course tackles the audit of projects and project risk through case work that helps delegates to learn real-world lessons. At the end of the course all delegates will be highly project-risk-aware and be able to add value to the project review process.

COURSE Programme

Programmes and projects

Projects and programmes – essential differences
The structure and organisation of projects
Key players and roles
Project management methods
Project diversity – different project types

Overview – the challenge of managing successful projects and programmes

How projects and programmes put organisations at risk
The risk profile of a typical project
The audit role in projects and programmes
A suggested working framework
Planning for audit action

Risky first steps

Project initiation – where does risk assessment figure?
How to assess initial project risk
Factoring in complexity: consortia, partnership operations, process restructuring and culture risk
The value of performing an independent risk assessment at project start-up

Project plans

Good and bad business cases: the tangible and intangible; costs and benefits
Project plans – the good and the bad
Key performance targets and critical success factors
Risk stemming from technical issues

Team dynamics and money

People and risk factors associated with pace and stress
Understanding project metrics
Communications and quality issues
Risks associated with system integration

Hidden dependencies

How to assess projects at intermediate stages
Problem inflation and deflation
Controlling additional costs and time penalties
Plan reassessment

Project Documentation, Change and Quality

Project documentation
Change management
Quality management

Project testing, acceptance and rollout

Testing and acceptance
Roll out

End of project wash-up

Checking on benefits and realisable outcomes
Deciding on project contributions
Measuring success and failure

End of project reviews

Post project reviews and lessons extraction
Post implementation reviews

PRESENTED BY:
This course is designed, developed and presented by MindGrove Ltd.

TRAINING

In-House Training

Public Course Schedule

Course Library

CONSULTANCY

RESOURCES

CLIENTS

CONTACT US

DATES	LOCATION
04 - 05 Feb 08	London
19 - 20 May 08	London
10 - 11 Jul 08	York
13 - 14 Oct 08	London
04 - 05 Dec 08	London
If there are more than 3 people in your organisation interested in this course, you may wish to bring the course in-house. Please call us on 01925 732 757 to discuss this option.

Call us on +44 (0)1925 732 757