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Auditing and Governance Risk and Compliance · AGRC-029
Auditing Projects and Capital Expenditure
Capital projects consume large budgets and often overrun on cost and schedule. Internal audit can add significant value by providing assurance before, during and after…
- Duration5 days
- Next date16 - 20 Nov 2026
- Cities7 cities
- Fee from£2,840
Course overview
Why Attend
Capital projects consume large budgets and often overrun on cost and schedule. Internal audit can add significant value by providing assurance before, during and after project delivery.
This LLMI course covers auditing capital investment approval, project governance, business cases, procurement and contracts, cost and schedule control, change management, contractor claims, commissioning and post-implementation reviews. Participants develop a project audit approach.
The course suits auditors and project assurance professionals.
Course Objectives
Assess risks in capital projects
Audit investment approval and business cases
Evaluate project governance and controls
Audit procurement, contracts and changes
Review cost, schedule and claims
Conduct post-implementation reviews
Target Audience
Internal auditors
Project assurance professionals
Project control staff
Finance managers
Audit managers
PMO staff
Course Methodology
Project audit methodology
Case studies
Contract review exercises
Cost analysis
Group discussions
Course outline
-
1Day 1: Capital Project Risks
- Why projects fail
- Project life cycle
- Audit timing
- Assurance models
- Stakeholders
- Case study: Project overrun
-
2Day 2: Approval and Governance
- Investment approval
- Business cases
- Governance structures
- Stage gates
- Benefits
- Workshop: Business case review
-
3Day 3: Procurement and Contracts
- Tendering
- Contract types
- Variations
- Claims
- Contractor payments
- Exercise: Contract audit
-
4Day 4: Cost and Schedule Control
- Budgets and forecasts
- Earned value
- Schedule review
- Change control
- Reporting
- Lab: Cost analysis
-
5Day 5: Completion and Review
- Commissioning
- Close-out
- Post-implementation review
- Lessons learned
- Reporting
- Capstone: Project audit plan
Dates and fees
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