Auditing Projects Through Process Groups

Faizy is an Auditor for the Office of the Controller and Auditor General of Tanzania.

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Topics: Benefits Realization, Risk Management, Scope Management, Stakeholder Management

The project audit provides assurance and gives stakeholders—whether sponsors, the organization, auditors and the project team—confidence that governance is working, and that the project is being managed properly and producing its intended objectives.

When auditing projects, auditors need to know the project cycle and risk areas. As per A Guide to the Project Management Body of Knowledge (PMBOK® Guide)—Sixth Edition, there are five process groups of the project: initiating, planning, executing, monitoring and controlling, and closing[1].

The five process groups are further divided into 10 knowledge areas. Inadequate management within just one area will have a severe effect on the “three E’s”—efficiency, effectiveness and economy—and hinder overall projects success. This is further illustrated in the table below, which highlights what to examine in each knowledge area—and the risks that can potentially harm the project:

Table 1: Projects domain areas

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