Construction Audit Training
I
Overview | Curriculum
Overview
The Construction Audit training programme is segregated into four complimentary modules focusing on topics such as the 4-phase audit approach, strategies for conducting effective construction audits, construction lifecycle, terminology, and project management. The curriculum includes a hybrid of “real-life” case studies and workshops.
The training programme is currently being migrated to an online platform with a expected completion date in the 1st quarter of 2022.
Curriculum
Module 1: Introduction
| • Guidance on construction auditing • Benefits and objectives of construction auditing • Overview of construction audit methodology |
Module 3: Methodology
| • Phase I: JKD Proposal Template: Provide guidelines and tips on reviewing JKD submissions • Phase II: Controls Assessment: Review the elements of the Controls Assessment Template – Pre Construction (0%) • Phase III: Quality Assessment: Review the methodology related to conducting the 50%-Phase III quality assessment • Phase IV: Post-Completion: Review the process and best practices related to the post-construction audit phase |
Module 4: Conclusion
• Lessons learnt from past audits
• Provide tips for taking better construction pictures
• Overview of the construction audit manual
Module 2: Overview of the Construction Industry and Terminology
• Entities: Define the roles and responsibilities of the various types of construction entities including the contractor, engineer, QS, etc. • Lifecycle: Review the 4 phases of the construction lifecycle process • Procurement: Review various procurement strategies including the advantage and disadvantage of each • Bidding/Tendering: Review the bidding/tendering process. Review the selection criteria and bidding package and any associated risks. • Contract Management: Review types of contracts and attributes of a well-written contract • Bonds: Review the types of bonds • Change Order: Review the change order process and discuss the causes & trends related to change orders • Financial Management: Review policies and best practices related to financial management of JKD projects. Review monthly dashboard template. • Project Governance: Define project governance and review best practices • Construction Fraud: Review the motivations for construction fraud and the various types of fraud schemes |