How To Do A Project Audit: A Quick Guide

How To Do A Project Audit: A Quick Guide

A project management audit is an independent, structured assessment designed to determine the status of work performed on a project to ensure it complies with the statement of work, such as the scope, time and budget of the project, along with the maturity of the project management process. It also helps to find gaps or reasons for any project failures or errors, and to discover any areas for efficiencies. It is led by the project manager and includes all project team members, vendors and stakeholders, and provides a fuller, more accurate picture. Project management audits are not the same as managing a project, so it is better to leave it in the hands of an outside contractor. To plan the audit, create a process and use a document repository.

Conduct the audit, interview the project sponsor, manager and team, and summarize the findings in an executive summary. Present results, identify opportunities, share recommendations, develop action plan, schedule follow-up, and repeat to create efficiencies.