Risk Based Auditing of Projects 2013

By attending this course you will be able to:
• Learn the concepts and practical application of a risk based approach to project review.
• Understand how to identify, mitigate and control project risks effectively
• Appreciate how to separate the key risks from the lesser threats
• Challenge management and sell the benefits of proactive risk based audit of key projects
• Audit major projects including joint ventures with confidence
• Discover the techniques to ensure that more projects meet their agreed objectives

Why you should attend
How many projects do you know which have been delivered on time, to budget and fully met the needs of all the parties involved?

Not very many I am sure will be your answer

Research indicates that in many projects, risks are identified and analysed in a random, uncoordinated manner. Not only does this result in unexpected risks arising, but the true impact of the risks actually identified are not fully appreciated or the combination effect of the risks are misunderstood.

It has been estimated that a strong risk management process can decrease problems on a project by as much as 80 or 90 percent. In combination with solid project management practices, a good risk management process is critical in cutting down on surprises, or unexpected project risks. Such a process can also help with problem resolution when requirements change, because now those changes are anticipated and actions have already been reviewed and approved, avoiding the need for panic and emergency treatment.

Auditing the project throughout its life, from the project development stage to the post implementation review and adopting a risk based approach, is a proven way to maximise the opportunity to deliver the project on time, to budget and to fully meet the needs of all interested parties

Who Should Attend?
• Heads of audit, a