Audit the Project Portfolio
View the portfolio through the lens of your stakeholders.
- As a CIO you know you should audit your portfolio, but you don’t know where to start.
- There is a lack of portfolio and project visibility.
- Projects are out of scope, over budget, and over schedule.
Our Advice
Critical Insight
- Organizations establish processes and assume people are following them.
- There is a dilution of practices from external influences and rapid turnover rates.
- Many organizations build their processes around existing frameworks. These frameworks are great resources but they’re often missing context and clear links to tools, templates, and fiduciary duty.
Impact and Result
- The best way to get insight into your current state is to get an objective set of observations of your processes.
- Use Info-Tech’s framework to audit your portfolios and projects:
- Triage at a high level to assess the need for an audit by using the Audit Standard Triage Tool to assess your current state and the importance of conducting a deeper audit.
- Complete Info-Tech’s Project Portfolio Audit Tool:
- Validate the inputs.
- Analyze the data.
- Review the findings and create your action plan.
Audit the Project Portfolio
Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should audit the project portfolio, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.
1. Assess readiness
Understand your current state and determine the need for a deeper audit.
2. Perform project portfolio audit
Audit your selected projects and portfolios. Understand the gaps in portfolio practices.
3. Establish a plan
Document the steps you are going to take to address any issues that were uncovered in phase 2.
Onsite Workshop: Audit the Project Portfolio
Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Portfolio Audit
The Purpose
An audit of your portfolio management practices.
Key Benefits Achieved
Analysis of audit results.
Activities
Outputs
Info-Tech’s Audit Standard/Engagement Context
- Audit Standard and Audit Glossary of Terms
Portfolio Audit
Input Validation
Portfolio Audit Analysis
- Portfolio and Project Audit Tool
Start/Stop/Continue
- Start/Stop/Continue
Module 2: Project Audit
The Purpose
An audit of your project management practices.
Key Benefits Achieved
Analysis of audit results.
Activities
Outputs
Project Audit
Input Validation
Project Audit Analysis
- Portfolio and Project Audit Tool
Start/Stop/Continue
- Start/Stop/Continue
Module 3: Action Plan
The Purpose
Create a plan to start addressing any vulnerabilities.
Key Benefits Achieved
A plan to move forward.
Activities
Outputs
Action Plan
- Audit Timeline Template
Key Takeaways