KONCEPT “The Design Studio”

Technical Audit

A systematic, independent process for obtaining evidence and evaluating this objectively to determine the extent to which needs or expectations are fulfilled. Technical audit is the process of maintaining the sustainability in the quality of any public development activities through the assessment of cost effectiveness. The main purpose of audits is to examine how well the plans of design criteria are met by the project within the allocated time frame and budget. Technical audit depends upon the nature and volume of the public development activities

Technical audit is an audit performed by an auditor, engineer or subject-matter expert evaluates deficiencies or areas of improvement in a process, system or proposal. Technical audit covers the technical aspects of the project implemented in the organization. For this, an auditor should have a deep knowledge of development, design and security standards, with latest algorithms updates.

Audit Of Construction Projects:

Construction projects covers many aspects. However the technical audit may be limited to specific aspects that may be relevant. Relevant aspects are:

• Organizing the Construction Project Management.

• Process of Design and Construction.

• Utilization of Resources.

• Project Cost.

• Method of Contracting and Pricing.

• Planning and Scheduling Procedure.

• Project Control and Monitoring.

• Cost Control and Accounting.

• Quality Control and Safety Procedure.

• Project Usage and Management Organization.

Types of Technical Audit

• In-process project audits Allow for corrective changes if conditions have changed and for concentration on project progress and performance.

• Post project audits Present a broader and long-term view of the project’s role in organization and emphasize improving the management of future projects.

Objectives of technical auditing

• The technical operations are being performed as per requirement.

• Sound framework of control is in place to sufficiently mitigate the potential risk.

• The procured technical equipment is technically suitable for the purpose.

• Authority and responsibility for operating activities are assigned properly.

• Information system is adequate to provide assurance of operating activities being performed properly.

Concentration of technical auditing

• Planning and design

• Procurement or purchase

• Implementation

• Impact of project

Benefits of technical auditing
• Improvement in internal control systems to mitigate the potential risk.

• Improvement in the quality of service.

• Assurance of Revenue.

• Transparent and cost effective procurement of goods and services.

• Completion of project on time.

• Reduction of project cost and annual operating cost.

• Helps re-scheduling of project activities.

• Performance improvement of a system