“The program is an excellent resource for auditors who wish to broaden, develop, or enhance their communication, organization and leadership skills.”
- Internal Auditor, Bimbo Bakeries USA Inc.
An audit is a project that requires planning, time, resources and a very specific set of skills. Subject matter expertise in auditing is not enough. This course challenges participants to consider what it truly takes to manage a successful project from start to finish. You will gain an understanding the PMBOK’s five process groups and how they align with the audit life cycle. Individually and in small groups, participants will learn methods to improve their professional practices and results.
In two intensive days, participants will learn the fundamentals of project management, including how to achieve improved cost control, resource utilization and timelier audit conclusions. Participants will be involved in multiple hands-on exercises with selected tools and techniques. Using audit-specific examples, you will learn about project planning, scheduling, control, and decision support concepts and methodologies. At the conclusion of the seminar, you will have solid tactics for managing time, increasing audit efficiency, driving a quality process, and producing quality deliverables.
Prerequisite: Fundamentals of Internal Auditing (OAG101) or equivalent experience.
Advance Preparation: None
Learning Level: Intermediate
Delivery Method: Group-Live
What you will learn
1. Core Concepts and Definitions
• definition of a project
• project triangle: triple constraint on scope of work
• three important themes
• benefits of project management
• management functions
• processes in a project
• parallels to internal audit processes
• ten knowledge areas in project management
• key definitions
• “Beginning with the End in Mind” exercise
2. Project Planning
• how projects are initiated
• planning guidelines, questions, and tools
• scoping, sequencing, and scheduling
• defining audit need, scope, and stakeholders
• identifying skills and other requirements
• work breakdown structure exercise
• methods and guidelines of estimating work
• sequencing and scheduling exercises
3. Monitoring and Control
• what is project control?
• monitoring resources and deliverables
• elements of good control
• methods of gathering progress information
• Exercise: benefits and drawbacks of gathering methods
• Identifying Attributes of good project information
• Group Discussion: Establishing a Culture for good information
• what must the project manager monitor and manage?
• responses to falling behind
4. Roles and Responsibilities of the Project Manager
• importance of leadership in projects
• major responsibilities of the project manager
• what makes a project good manager
• Exercise: Comparing ways to succeed and ways to fail
• communicating well
• motivating others
• rational and creative problem-solving techniques