Global Learning for Operational Leaders
Classroom
15 sessions
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Online / Live
15 sessions
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Introduction
Course overview
Capital projects consume large budgets and often overrun on cost and schedule. Internal audit can add significant value by providing assurance before, during and after project delivery.
This Aractech course covers auditing capital investment approval, project governance, business cases, procurement and contracts, cost and schedule control, change management, contractor claims, commissioning and post-implementation reviews. Participants develop a project audit approach.
The course suits auditors and project assurance professionals.
What you will achieve
Learning objectives
- Assess risks in capital projects
- Audit investment approval and business cases
- Evaluate project governance and controls
- Audit procurement, contracts and changes
- Review cost, schedule and claims
- Conduct post-implementation reviews
Who should attend
Target audience
- Internal auditors
- Project assurance professionals
- Project control staff
- Finance managers
- Audit managers
- PMO staff
Methodology
Learning approach
- Project audit methodology
- Case studies
- Contract review exercises
- Cost analysis
- Group discussions
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Capital Project Risks
- Why projects fail
- Project life cycle
- Audit timing
- Assurance models
- Coffee break
- Assurance models (continued)
- Stakeholders
- Case study: Project overrun
Day 2
Approval and Governance
- Investment approval
- Business cases
- Governance structures
- Stage gates
- Coffee break
- Stage gates (continued)
- Benefits
- Workshop: Business case review
Day 3
Procurement and Contracts
- Tendering
- Contract types
- Variations
- Claims
- Coffee break
- Claims (continued)
- Contractor payments
- Exercise: Contract audit
Day 4
Cost and Schedule Control
- Budgets and forecasts
- Earned value
- Schedule review
- Change control
- Coffee break
- Change control (continued)
- Reporting
- Lab: Cost analysis
Day 5
Completion and Review
- Commissioning
- Close-out
- Post-implementation review
- Coffee break
- Post-implementation review (continued)
- Lessons learned
- Reporting
- Capstone: Project audit plan
FAQ
Frequently asked questions
What does Auditing Projects and Capital Expenditure (AGRC-029) cover?
This course covers Auditing and Governance Risk and Compliance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Internal auditors, Project assurance professionals, Project control staff
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Paris, Munich, Barcelona, Amsterdam, London, Cape Town, Vienna.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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