The path to assurance: an analysis of project performance methodologies
Nalewaik, Alexia and Mills, Anthony 2014, The path to assurance: an analysis of project performance methodologies, in IPMA 2013 : Proceedings of the 27th International Project Management Association World Congress 2013, Elsevier, Amsterdam, The Netherlands, pp. 105-114, doi: 10.1016/j.sbspro.2014.03.014.
Without specialized management, capital projects are at risk of cost overruns, delays, and failures. The need is greater than ever for careful oversight, especially for projects with multiple funding sources. Performance audit is commonly a requirement on many types of projects, yet current approaches to establishing the scope of capital performance audit are highly variable, and formal standards exist but are known to focus on engagement (not project) management. Economy, efficiency, and effectiveness, integral to the definition and expectations of performance audit, are rarely addressed in practice.
Building on previous exploration of key elements and scopes of performance audit, this paper looks to existing published guidance in project assessment, with the goal of identifying from these methodologies key elements that may be helpful in defining a new, flexible, and portable methodology for effective project and program performance audit.
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.