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All articles tagged with Project Audit

What Is the Difference Between Project Audit and Project Review?

There are several differences between project audits and project reviews. First the project review is about checking that the project is meeting the budget, the schedule, and the scope requirements. The project audit checks if the project management standards, guidelines, and processes are being adhered to, and if the project plan is being followed. A project review is performed by program managers or other interested stakeholders, the project audit is performed by the PMO or internal/external project auditors. The project review outputs a document with key situations affecting the project, the project audit outputs the project audit report, a document capturing all the project management issues found, their severity, and the the corrective action to be taken.