Project audits are interim assessments of project progress and expenditure in relation to an agreed intent.
They are valued by clients because they provide an independent peer review of project status as an alternative to reported status prepared by their project advisers or contractors.
Fairway staff use the experience and techniques they have gained from managing disputes to carry out accurate and efficient audits. Following the audit Fairway will recommend strategies that, when implemented, will establish the necessary controls to produce high level reviews on a regular basis. The benefit of any project audit becomes apparent once uniform benchmarks have been established to provide consistency for monitoring trends.
The best practice required to implement project audits often proves invaluable in avoiding disputes at a later date. Early warnings of delays and cost overruns mean that issues can be identified and addressed whilst they are still manageable