Our Project Risk Management Audit Work Program serves as an essential tool for internal audit and project management professionals focusing on the thorough evaluation of project risks and controls. It is structured into four samples, each tailored to address specific aspects of project risk management such as strategic alignment, integration, change control and post-implementation reviews. This program outlines methodologies for assessing risk areas, implementing best practices, and ensuring projects align with business and IT strategies.

Each sample of this document includes detailed work program tasks, leading practices and expected outcomes, making it an invaluable resource for organizations aiming to enhance their project execution through rigorous audit processes. By leveraging industry standards, particularly from the Project Management Institute (PMI), the program helps ensure that projects are not only compliant but also optimized for success in meeting their objectives.

Audit steps include:

• Interview project management to determine goals, objectives and priorities for ensuring the alignment of project objectives with business and IT strategies.
• Review project documentation and conduct a gap analysis against adopted program management standards.
• Interview program office management and personnel to determine expectations of the program office’s administrative roles and responsibilities.
• Hold discussions with management to gain an understanding of the post-implementation review process.