Large projects and system implementations are challenging and costly endeavors that often encounter significant schedule delays and/or budget overruns. Institutions are increasingly engaging Internal Audit to assist with conducting periodic project risk reviews as a critical component of their project lifecycles and system implementations. These reviews provide objective assessments of their projects, proactively identify risks and challenges, remediate issues and increase the overall likelihood of achieving their projects’ goals.
This presentation will address how Internal Audit can conduct project risk reviews to increase the likelihood of project success. We will discuss other key benefits of project risk reviews, such as enhanced insight into the actual performance of projects and mitigation of the overall risk that projects will not achieve goals within the planned schedule, scope, and budget.
Throughout the discussion, presenters will share their experiences from working on large IT projects, highlighting common risks, issues encountered and lessons learned from conducting project risk reviews.
Key learning objectives
Attendees should be able to do the following upon conclusion of the webinar:
- Understand the nature of project risk reviews, their intended benefits and how Internal Audit can help mitigate risks and increase the likelihood of success for large projects
- Anticipate risks and issues typically associated with large projects in higher education
- Leverage lessons learned and activities performed by others when conducting project risk review
Who should attend
- Internal Auditors
- Audit Managers/Directors
- Chief Audit Executives
- Project Managers
- Chief Information Officers
- Chief Technology Officers
Information about CPE eligibility
There are no prerequisites for this seminar, and advance preparation is not required. There is no cost to attend this seminar.
CPE credit: One (1) hour total credit per event
Field of study: Auditing
CPE host: Stephanee Faulkner
A certificate of completion will be e-mailed to you four to six weeks after the event.
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Baker Tilly Virchow Krause, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.