The project audit assesses the overall health of the project rather than just the source code, cost figures, etc.

Project Audit broadly covers:

• Auditing the financial performance and financial reporting of projects
• Auditing conformance to project management and other rules, standards and guidelines.

Our objective is to assess project information before, during or at the close of a project to determine what will make (or has made) the project successful.

The auditor performs the audits by examining the project-related documentation and by interviewing appropriate personnel.

Depending on the project's life cycle, two or more of the following four types of project audits can be performed.

• Pre-Audit
• Mini-Audit
• Full Audit
• Post Project Audit

Once the findings are prepared and reviewed, a detailed action plan is developed for implementation by the audited project's manager.

Benefits

• Independent evaluation of project management performance
• Identification of project management related risks for new or active projects
• Specific action plan for each audited project
• Improved likelihood of project success