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Auditing Projects and Project Risk


Event Date: Thursday 19 February 2009 to Friday 20 February 2009

Location: London

Venue: London (Click here for details)


Event Details

No-one wants to squander money on under-functional or over budget projects. And, increasingly, those who have risk related roles are being asked to give 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.

Who should attend
Anyone responsible for assessing or auditing project or programme risk that needs to establish whether project risk is being properly controlled.
This course tackles the Audit of Projects and Project Risk through case work that helps delegates to learn real-world lessons about Projects and Project Risk. At the end of the course all delegates will have become highly project-risk-aware and be able to add significant value to the project review process

How will this course benefit you?

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

  • identify the critical differences between Programmes and Projects
  • review the roles and services that support Programmes and Projects
  • evaluate the interplay between risk, cost and time in projects
  • plan for project and programme audits
  • describe the 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

 

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

 

Course programme

  • Terminology, players and methods
    • defining project and programmes – essential differences
    • the structure and organisation of projects
    • key players and roles
    • project management methods
    • project diversity – different project types

 

  • 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
    • the auditor’s involvement in projects – a suggested working framework
    • planning for audit action

 

  • First steps
    • how projects are initiated – where and how 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

 

  • Planning
    • good and bad business cases: the tangible and intangible; costs and benefits
    • project plans: the good and the bad
    • key performance targets, critical success factors and indicators
    • risk stemming from technical issues

 

  • Teams, metrics and money
    • the Project Team: people and risk factors associated with pace and stress
    • understanding project metrics: independent project auditors, project offices and project accountants
    • communications and quality issues

 

  • Hidden dependencies
    • encountering and dealing with unforeseen snags – how to assess projects at intermediate stages – risk management, proximity, opportunity and impact
    • problem inflation and deflation
    • controlling additional costs and time penalties
    • plan reassessment

 

  • Documentation, change and quality
    • project documentation
    • change management
    • quality management

 

  • Testing, acceptance and rollout
    • late project corrections
    • testing and acceptance
    • rollout 

 

  • Benefits and outcomes
    • 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
MindGrove Ltd.

Note
This course is non residential

Contact
Email training
Tel: 020 7498 0101


Event Pricing
Member Price: £890.00 + VAT @ 15% = £1023.50
Student Price: N/A
Non-member Price: £990.00 + VAT @ 15% = £1138.50



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