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Project Management Fundamentals for Audit

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Date(s): Jul 26, 2022 - Jul 29, 2022
Time: 8:00AM - 12:00PM
Registration Fee: $279.00
Cancellation Date: Jul 19, 2022
Location: Online

Course Description

The audit engagement is a project, but rarely are proven project management methodologies used in managing internal audits. Audits are regularly subject to delays, changes in scope, scope creep, resource shortages, and frequent struggles with timeliness. And rarely do formal Project Management courses translate easily into specific steps and techniques that can be leveraged in an audit. This course will translate formal project management skills into audit-specific methods and techniques that will help audit teams overcome common engagement challenges and immediately increase credibility by delivering on-time and focused audits. The tools and techniques shared can be immediately implemented in every audit process. Real-life examples of failures and successes will be covered to highlight the learning process. This course is interactive with multiple hands-on exercises and class participation to provide opportunities for you to practice what you learn.

Potential CPE Credits: 16.0
Govt Hours: This class meets 16.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 16.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level:
Category: Auditing

Course Objectives

Upon completion of this course, participants will be able to:

• Learning the basic concepts and fundamentals of formal project management methodologies from the Project Management Institute

• Understanding how to apply formal project management methodologies to the audit process

• Learning the basic tools and techniques used in formal project management

• Understanding how to use formal project management in managing audits

• Learning how to deal with changes to scope and scope creep

Detailed Course Outline

Project Management Overview

  • Fundamentals of project management

  • Benefits of project management

  • Project characteristics

  • Phases of project management

  • Project management case studies

Project Management Fundamentals

  • Project Management Institute (PMI) framework

  • Cornerstones of project management

  • Gantt charts

  • Critical path

  • Work breakdown structure

  • Dependencies and scheduling

  • Scope

Audits as Formal Projects—Planning

  • Translating project steps into audit steps

  • Choosing and modifying project tools for audits

  • Formal scoping approaches—SIPOC/Visual Tools

Audits as Formal Projects—Executing, Monitoring, and Controlling

  • Monitoring and controlling the audit like a project

  • Measurements and metrics for audits—schedule, budget to actual, etc.

  • Formal change management to minimize scope change/creep

  • Communicating results—leveraging the 5 Cs

  • Lessons learned and post-mortems for continual improvement

Formal Project Communication Plans

  • External communication plan—audit client

  • Internal communication plan—audit team

  • Understanding the difference between information and communication

  • Expectations and consistency

  • Reporting

Managing Multiple Projects

  • Managing different personalities

  • Difficult people and situations

  • Communication approaches

  • Time management tools and techniques

Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

To see answers to our Frequently Asked Questions, visit

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