Preview

Bus 517 - Request for Project Audit

Good Essays
Open Document
Open Document
318 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bus 517 - Request for Project Audit
To: Project Manager, Project Soaring High
Subject: Request for Project Audit – Soaring High

John,

I am writing you as a member of Project Soaring High to suggest that we perform a project audit. I, as I’m sure you are too, am elated to be part of such a high performing, successful project. My suggestion is not an indication of problems; it is simply to ensure we have continued success.
There are many positive and compelling reasons to conduct a project audit. Project audits: 1) include a reassessment of the project’s role in the organization’s priorities 2) includes a check on the organizational culture to ensure it facilitates the type of project being implemented 3) assess how well the team is functioning and if it is properly staffed 4) check on external factors that might change where the project is heading 5) include a review of all factors relevant to the project and to managing future projects.
In addition to the aforementioned reasons to conduct a project audit, there are two widely accepted types of project audits from which we can chose from:
- In-process project audit: completed early in the project and allows for corrective action if necessary. This type of audit concentrates on project progress and performances and check to see if conditions have changed.
- Post-project audit: tend to include more detail and depth than the in-process audit. These audits emphasize improving the management of future projects and are more long-term oriented. Although this type of audit does check on the project performance, it really represents a broader view of the project’s role in the organization.
I am more than willing to take the lead on this endeavor if you approve the project audit. I am available at your convenience to discuss this matter further if you wish. Thanks in advance for your consideration and I look forward to your response.
Best Regards,

You May Also Find These Documents Helpful

  • Good Essays

    References: Gray, I and Mason, S (2008), The Audit Process: Principles, Practice and Cases, (4th ed.), London: Thomson Learning Ch 1…

    • 1171 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    WK2D1 Unit 1 Assignment

    • 691 Words
    • 3 Pages

    1. Before initiating a project, there must be a need to change, make improvements, or create a new product or service. A process is a series of actions directed toward a particular result, or function controlled by the project management process groups. These groups concentrate on the initiation, monitoring, controlling and closing of all activities that relate to a specific project. Although there maybe distinctive project phases, all projects will include all five process groups…

    • 691 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Golden Bear Case

    • 1298 Words
    • 6 Pages

    Professional auditing standards identify 5 “management assertions” that commonly underlie a set of financial statements. These 5 assertions are: occurrence, completeness, valuation/allocation, rights/obligations, and presentation/disclosure. With respect to the audit of Paragon’s construction project, some of these key assertions were overlooked by auditor Arthur Anderson. The main assertions that Anderson should have focused on for this audit include occurrence, valuation, and disclosure.…

    • 1298 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Acct 542 Audit Proposal

    • 1234 Words
    • 5 Pages

    Due to increasing economic and financial growth, many types of audit have been incorporated throughout the development process of internal activities. Audits can be performed manually or they can incorporate technology. According to Hunton and Bagranoff (2004), there are four main types of audit: 1) Attestation; 2) Findings and Recommendations; 3) SAS 70; and 4) SAS 94. Each type brings something unique to the table and can be used in different situations.…

    • 1234 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    When engaged in auditing a public firm, such as Apollo Shoe Inc., an auditor must determine when to trust in the company’s internal controls and when to ascertain auxiliary testing methods are obligatory to analyze control risks. The sales and collection cycle is rather a substantial fraction of the audit because this unique segment employs a multitude of documentation and records ranging anywhere from customer and sales orders, shipping documents, credit memos, and general journal entries; therefore, a working comprehension of the diverse paperwork is indispensable. “Before auditors can assess control risk and design tests of controls and substantive tests of transactions, they need to understand the business functions and documents and records in a business” (Arens, Elderly, & Beasley, 2012, p. 443).…

    • 1854 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    I understand that Apollo Shoes, Incorporated is concerned about acquiring certain auditing and assurance services. In today’s business world a company needs to stay ahead by operating more successfully and proficiently than its competition. Stromsodt can help Apollo Shoes to gain this advantage by offering auditing and assurance services designed for the company needs.…

    • 719 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Audit Proposal

    • 1321 Words
    • 6 Pages

    The types of information technology audits are attestation, findings and recommendations, SAS 70 audits, and SAS 94 audits. If Kudler wants the auditor to provide an assurance for each of the system, an attestation audit could be used. An attestation audit can assist Kudler by issuing reports on examinations, reviews, or agreed-upon procedures. An attestation audit can provide Kudler with independent assurance on the reliability or validity of information related to the four systems under review (KPMG, 2011).…

    • 1321 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    looking at the solutions will test your. Integrated Audit Practice Case, 5th edition, by Kerr, Elder & Arens (ISBN No.…

    • 2996 Words
    • 16 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Post Mortem Review

    • 465 Words
    • 2 Pages

    The benefits of this review are to list the goals versus outcome of the project, the budget against the final costs, and stakeholder participation. It is also helpful to document what went well and what did not go well during this project. Areas to review are morale, communications, and cost components such as hardware, software, office space, people, time, and budget. This should also include project scope, requirements, conflict management, and deadlines.…

    • 465 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Acc/546 Week 1 Assignment

    • 1101 Words
    • 5 Pages

    Auditing planning is important because it helps the auditor determine his/her approach to the audit. There are two considerations that affect the approach: 1). Sufficient appropriate evidence must be accumulated to meet the auditor’s professional responsibility and 2). The cost of accumulating the evidence should be minimized. Concern for sufficient appropriate evidence and cost necessitates planning the engagement. The plan should result in an effective audit approach at a reasonable cost.…

    • 1101 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Five Major Variables

    • 584 Words
    • 3 Pages

    The five major variables of project management are essential in pretty much every project. Time which would is the amount of time required to complete the project. Typically it is broken down into the time required to complete the components of the project. This is then broken down into the time required to complete each task contributing to the completion of the project. Then there is cost which will typically be determined by the consultant or contractors hourly rate multiplied by an estimated time to complete the project on time or if it is late, both of the factors affect your quality. The amount of time put into individual tasks determines the overall quality of the project. Some tasks may require a given amount of time to complete, but if more time is given the project can be completed exceptionally. Over the course of a large project, quality can have a major impact on time and cost. The scope of the project, or the overall objective of what the project is supposed to accomplish, and a specific description of what the end result should be or accomplish. This will allow you to determine your risk, or potential points of failure. Most risks or potential failures can be overcome or resolved, given enough time and resources. The considerations that must be applied when selecting projects that deliver the best business value, are made by the systems analysis which includes an assessment of the economic…

    • 584 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The benefits of holding a post-mortem review include allowing the team closure on the project, giving the team an opportunity to celebrate the success of the project, and to continue improving the process for future teams. Including the project team in the review gives them a positive feeling as he or she can voice their concerns and positives about the process. This will enable him or her to feel like a valuable asset to the company, which brings its own long-term effects.…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Project Execution

    • 1045 Words
    • 5 Pages

    The project execution phase of the Project Management Lifecycle is exactly where the work gets done. This is the third phase of the project management life cycle, after Initiation and planning phase project enter into execution phase. In this phase literally project get start to build. Whether it is the building house of a project, changing a process project, or anything kind of project in between, where we can say that the work has begun.…

    • 1045 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Initiating a Project

    • 1262 Words
    • 6 Pages

    “To be called a project, an undertaking must meet specific set of conditions, then it must follow the prescribed project management methodology define by the organization” (Wysocki, 2009, p.6) gives a contemporary view of what a project is all about. Every project is unique in its own respect and gives unique responses to some simple logical questions asked by Wysocki, (2009, p.22) that must be answered in order to model its specific requirements and fit it into any of the standard methodology to effectively manage it to success. I will be using past experiences to answer this questions and how they relate to the process groups and knowledge areas.…

    • 1262 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Please find attached herein is our detailed proposal for your review. We look forward to your invitation to discuss on how to work with you in future.…

    • 14262 Words
    • 58 Pages
    Powerful Essays