Although project management is a critical internal auditor competency, you may wonder how project management skills relate to the performance of internal audits. If so, consider the definition of project management: a systematic, structured approach that enables you to plan, direct and control multifaceted tasks that require the contribution and participation of a diverse group of people. Based on this definition, each audit is actually a project that has a discrete set of objectives and requires the input of others.  

This article highlights four essential project management techniques for completing audits and advisory services projects more easily and within budget.