Course Description
This intensive 5-day course equips auditors and project managers with advanced skills to effectively audit construction projects and contractors. Participants will learn risk-based audit approaches, cost control techniques, and strategies to enhance project delivery. The course covers key aspects of construction auditing, from contract review to change order management.
Learning Objectives
- Develop a comprehensive understanding of construction project lifecycles and associated risks
- Master risk-based audit techniques for construction projects and contractors
- Learn effective cost control strategies and how to identify potential overcharges
- Understand best practices in contract management and change order auditing
- Gain practical skills in conducting construction audits and reporting findings
Course Modules
Day 1: Introduction to Construction Auditing
- Overview of construction industry and project lifecycles
- Risk assessment in construction projects
- Roles and responsibilities in construction auditing
- Introduction to construction contracts and procurement methods
Day 2: Risk-Based Audit Approach
- Developing a risk-based audit plan
- Identifying key risk areas in construction projects
- Audit techniques for different project phases
- Case study: Applying risk-based approach to a construction project
Day 3: Cost Control and Contract Management
- Auditing cost-plus and time-and-material contracts
- Identifying common overcharges in construction billings
- Contract review and analysis techniques
- Best practices in construction cost control
Day 4: Change Order Auditing
- Understanding the change order process
- Auditing techniques for lump sum and unit price change orders
- Evaluating labor and material pricing in change orders
- Detecting and preventing change order fraud
Day 5: Advanced Topics and Practical Application
- Auditing contractor-controlled insurance programs
- IT project auditing considerations
- Effective reporting of audit findings
- Workshop: Conducting a mock construction audit
Practical Wins for Participants
- Ability to develop and implement effective construction audit plans
- Skills to identify and recover potential cost overcharges
- Improved contract management and change order review capabilities
- Enhanced ability to partner with project teams for better cost control
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
