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Internal Audit IT Audit Info Security
Internal Audit IT Audit Info Security
Auditing Major Capital Projects - OAP212 
Risks That Can Derail You and Controls to Keep You on Track
Learning Level: Intermediate
CPEs: 24 Fee: $2,050.00
Focus and Features Who Should Attend Agenda Register
Agenda

What You Will Learn
1. Fundamental Project Management Principles
- the role of the project management office, project manager, and key stakeholders
- assessing the project management methodology your organization uses as a way to identify strengths, weaknesses and risks
-- RUP
-- agile development
-- PRINCE
-- PRINCE II
-- value engineering

2. Deliverables: Auditing Critical Project Success Factors, Including Time, Cost, Quality, Scope, and Function

3. Identifying Phases of Project Completion
- a practical approach
- lessons learned from three projects
-- information technology
-- construction
-- corporate initiatives

4. Investment Appraisal: Does the Project Have a Sound Basis for Success
- assessing fundamental assumptions
- evaluation techniques
- impact of time value of money

5. Overcoming Project Resistance
- identifying stakeholders who may oppose or disrupt the project
- using education and financial incentives wisely and effectively
- gaining corporate support

6. Project Sabotage: Beyond Resistance
- identifying situations where disruption may escalate to sabotage
- motivation for project sabotage
- detecting, preventing, and investigating sabotage
- turning the situation around

7. Cutting-Edge Technology
- understanding the trade-off between first to market and the potential for escalating research, development, and other project costs
- assessing whether project constraints have been identified and prepared for
-- time to market
-- feasibility
-- organizational readiness

8. Developing and Applying Appropriate Risk Management Tools and Project Metrics
- identifying phases of importance
- prioritizing risk
- assigning risk to each phase and step
- identifying expected control
- test for application and efficiency of each tool
- timing the audit
- allocating resources outside non-core business expertise
- exploring considerations for assessing the validity and accuracy of reporting tools

9. Accounting for Project Expenditure, Cost Accounting, Budget Analysis and Asset Tracking
- budget establishment
- budget change integrity
- budget variance analysis
- accounting for assets in the course of construction

10. Change Orders and Change Management: Assessing Project Change Management Procedures

11. Dependence on Critical Vendors: Tracking Vendor Performance
- due diligence
- contracting
- change management
- dispute resolution

12. Identifying Outsourcing and Contracting Project Delivery Risks and How to Mitigate Them
- assessing vendor skill set and financial viability
- logistical constraints
- additional risks from outsourcing
- elements of project success

13. Project Close-Out and Post-Project Assessments: Lessons Learned

 
REGISTRATION QUESTIONS?
For questions about your registration, government and team discounts, or multiple registrations, please call Linda Ronconi at (508) 879-7999, ext. 501 or e-mail mis@misti.com.

IN-HOUSE SEMINARS
This seminar is available in-house. For more information about bringing this or other MIS seminars to your organization, please call Mimi Hatch at (410) 692-2465 or e-mail mhatch@misti.com.

 



Dates/Locations
May 1 - 3, 2013
San Francisco
September 23 - 25, 2013
Boston