Discuss the myriad similarities and differences between in-process project audits and post-project audits.
Please be thorough and comprehensive in your response to this topical question.
You do NOT have to make a response to another student, so focus on your own discussion board post to ensure that it is thorough, complete and accurate. Ensure that you have met the minimum word count. Use parenthetical citations to the textbook at the points at which you use materials – paraphrased or directly quoted from the textbook.
Your discussion post should be at least 500 words. Please be thorough and comprehensive in your response to this topical question.
Use a MINIMUM OF 3 AUTHORITATIVE RESOURCES ON YOUR REFERENCES LIST (one of which will be the textbook). USE PARENTHETICAL CITATIONS THROUGHOUT YOUR POST at the point at which you use materials (quoted or paraphrased) from your sources. Label your list of resources as the “References” list.
The proper Reference for the textbook for your References list:
Larson, E. W., & Gray, C. F. (2021). Project management: the managerial process. McGraw-Hill Education.
The correct parenthetical citation is: (Larson & Gray, 2021) for paraphrased materials or (Larson & Gray, 2021, p. 123) for a direct quote from a specific page.
Main Resource:
Project audits are more than the status reports suggested in Chapter 13, which report on project performance. Project audits do use performance measures and forecast data. But project audits are more inclusive. Project audits not only examine project success but also review why the project was selected. Project audits include a reassessment of the project’s role in the organization’s priorities. Project audits include a check on the organizational culture to ensure it facilitates the type of project being implemented. They assess if the project team is functioning well and is appropriately staffed. Audits make recommendations and articulate lessons learned.
Project audits can be performed while a project is in process and after a project is completed. There are only two minor differences between these audits:
In-process project audits. Project audits early in projects allow for corrective changes, if they are needed, on the audited project or others in progress. In-process project audits concentrate on project progress and performance and check if conditions have changed. For example, have priorities changed? Is the project mission still relevant? In some cases, the audit report may recommend shutting down the project or significantly changing the scope of the project.
Post-project audits. These audits tend to include more detail and depth than in-process project audits. Project audits of completed projects emphasize improving the management of future projects. These audits are more long-term oriented than in-process audits. Post-project audits do check on project performance, but the audit represents a broader view of the project’s role in the organization; for example, were the strategic benefits claimed actually delivered?