PROJECT MANAGEMENT FOR AUDITORS

COURSE OVERVIEW

1. Develop an understanding of project management Process Groups and Knowledge Areas.
2. Gain experience using project management tools and techniques.
3. Apply the concepts of Risk Management to audit engagements.
4. Develop counter measures to deal with “scope creep.”
5. Understand how Earned Value Management can track and forecast both performance to schedule and performance to budget.

COURSE DESCRIPTION
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group-Live

Project Management is the application of knowledge, skills, tools, and techniques that enable a project team to balance demands of scope, time, cost, quality, resources and risk to produce a product, service, or result that meets stakeholder needs, expectations, and specifications. Audit leaders face similar challenges from competing demands while delivering value to their organizations in the planning and performance of their assurance engagements.

The purpose of this seminar is to examine project management tools and techniques for possible application in the management of audit engagements. Group discussion, practical team exercises, and individual activities will enable participants to assess the value of applying project management tools and techniques within their own engagement management processes. Successful completion of this course should enable participants to begin integrating project management techniques into their audit engagement activities.

Note: This seminar does not replicate course content from the “Auditor-in-Charge Tools and Techniques” seminar offered by The IIA

FOR WHOM

1. Audit managers interested in assessing tools and techniques that could enhance the efficiency and effectiveness of their existing engagement management processes.
2. Auditors-in-Charge who want to investigate the possibility utilizing project management tools and techniques in leading audit engagements.
3. Senior Auditors who want to develop their engagement leadership skills.

COURSE CONTENT

Project Management Overview

1. Project Management Overview
2. Project Management Knowledge Areas
3. Project Management Process Groups
4. Audit Engagement Overview
5. Process Comparison: Project/Engagement Management
6. Deliverables and Milestones

Planning: Scope Management, Time Management, and Cost Management

1. Project Planning
2. Audit Engagement Planning
3. Define Scope
4. Work Breakdown Structure
5. Scheduling
6. Budgets

Planning: Quality, Human Resources, Communications, Risk Management

1. Quality Metrics
2. Human Resource Planning
3. Communications
4. Risk Management

Execute

1. Integration Management
2. Implementing Approved Changes
3. Team Dynamics

Monitor and Control

1. Scope Control
2. Change Management
3. Earned Value Management
4. Monitoring Performance
5. Project Closeout

Wrap-up and Next Steps

• Putting it All Together
• Next steps in Implementation