Capital Projects Audit
The Authority conducts audits of Capital Projects of relevant audited entities in order to verify their efficiency and effectiveness. This includes the following:
Independent assessment of project performance, including:
earned value analysis and assessment.
cost / financial performance assessment (including cash flow analysis and payments) and.
all other relevant project KPIs.
Analyzing the extent and root cause of deviations / variations that have arisen in the course of delivering the project(s).
Verifying the cost-effectiveness and quality of completed work and that it was implemented appropriately.
Assessing delivery of the project(s) against international best practice and, where possible, making positive observations on the same where this is evident.
Assessment, and where possible quantification, of project risk to establish the efficiency and effectiveness of the project delivery process and provisions made against such risk.
Review of project procurement, ensuring this is administered efficiently and effectively against international best practice, relevant laws and regulations in the Emirate of Dubai and in the spirit of fair and transparent competition, and
Assessment of all relevant project controls, measuring their efficiency and effectiveness against international best practice and also the audited entities overarching policies and procedures.