Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Conducting a successful and, especially, useful project audit is not an easy task and several elements need to be considered, including keeping track of the overall organizational objectives, determining the proper metrics, as well as the instruments that need to be used in order to reach those metrics and following the general auditing good practices that are in use in the industry (Elyse, 2010).
The audit process is usually described as a "structured independent review to determine if project activities comply with organizational and project policies, and procedures" (Nielsen, ), so this explains, in part why the audits should be conducted by independent reviewers. The main reason for this is obviously the fact that independent reviewers tend to be more objective in their evaluation and, as a consequence, will provide conclusions that are not biased, as they could be if internal reviewers were used.
b) Student 1: The internal reviews and project audits are always important as a very comprehensive analysis of how the project was completed and undertaken. Some of the most relevant conclusions that could be drawn include the way the budget was spent and other important financial details. At the same time, the analysis could aim to determine how effective and productive the workforce was, as well as how well these individuals worked together as a team and how the tasks were allocated and handled between them. The audit report would need to be as objective as possible, which is one of the reasons why an independent auditor should be hired. On one...
The external reviewer can first evaluate how well communication was handled within the team. Then, he can sit down with each of the member and determined what worked and what did not in the relationship between the team members and, particularly, how this can be successfully changed in the future so as to produce better results and a more coherent and cohesive synergy. With that in mind, it is clear why the reviewer needs to be external of the project and of the company as well, in many cases: objectivity is the common sense explanation, as well as an increase perception of the functional mechanisms of the entire team and undertaken project.
Bibliography
1. Nielsen, Dave. Project Audits. On the Internet at http://ezinearticles.com/?Project-Audits&id=3443497. Last retrieved on September 29, 2011
2. Stanleigh, Michael. Undertaking a Successful Project Audit. On the Internet at http://www.bia.ca/articles/UndertakingaSuccessfulProjectAudit.htm. Last retrieved on September 29, 2011
3. Elyse. Taming Chaotic Project Management. On the Internet at http://www.anticlue.net/archives/001039.htm. Last retrieved on September 29, 2011
Bibliography
1. Nielsen, Dave. Project Audits. On the Internet at http://ezinearticles.com/?Project-Audits&id=3443497. Last retrieved on September 29, 2011
2. Stanleigh, Michael. Undertaking a Successful Project Audit. On the Internet at http://www.bia.ca/articles/UndertakingaSuccessfulProjectAudit.htm. Last retrieved on September 29, 2011
3. Elyse. Taming Chaotic Project Management. On the Internet at http://www.anticlue.net/archives/001039.htm. Last retrieved on September 29, 2011
Project Management: Lessons Learned From Project Plans in the New World The article Project Plans in the New World (Rosenwinkel (1995) provides many useful insights into how to manage a complex project successfully, taking into account the many factors or variables that are crucial for a project's success. The author concentrates on the "Free Wheeler" type of project leader who often ignores constraints of time, cost and resources in determining how
Lessons Learned Learning Lessons as a Team Success, failure, blame, mistakes and effectiveness are amongst some of the words which are usually associated with projects. Vic Passion and Gina Gotsill also incorporate many of such key words while discussing about reflections and lessons learned from a project in their article; 'Learning lessons as a team'. The article serves as a brief guide for project managers and organizations as it encompasses the old
Project Management: Case Study in Managing a Complex Shipyard Project in Singapore Background of Complex Shipyard Construction Project Company background Project Overview and Objective Work Process of Building Construction Issue Analysis in Shipyard Construction Project Management Literature Review of Project Management Issues in Scope Management Methodology of Scope Management Lessons Learned from Scope Management Issues in Cost Management Methodology of Cost Management Lessons Learned from Cost Management Issues in Human Resources Methodology of HR Management Lessons Learned from Human Resource Management Case Study in Managing a
Project Management Review the "Lessons Learned" section of the project risk diagram. Describe how the Lessons Learned activity helps you become a stronger project manager, who else it helps in the project team and also describe how it helps PMO. 200 words Documenting the lessons learned is one of the most important aspects of the closure phase of the project. It is important to an individual project manager because they can reflect
Project Management Involved Formation of Airbus Project Management involved in Formation of Airbus The report investigates factors that led to the A380 project crisis. Analysis of the project revealed that Airbus did not integrate an effective project management model into the project lifecycle leading the project to be two years behind schedule, which eventually led to the costs escalations. The report reveals several lessons to be learned from the A380 project crisis.
Project Management Project Libra: To Terminate or Not to Terminate Visit www.itweek.co.uk/News/11329438 to see the string of news stories related to Project Libra. Identify some of the sources of the problems the project faces. Project Libra exemplifies several attributes of failed projects the most notable of which is the breakdown in project team, Fujitsu Services (ICL) system integrator and enterprise software vendors. Most evident of a filed project management structure is the ballooning