Assess your organization’s project management capabilities for the new restaurant openings (NRO) process with this audit report sample, which serves as a tool to evaluate current project management practices in relation to new restaurant development and suggests areas for optimization and improvement. It addresses various aspects such as business policies, procedures, reporting systems, methodologies, people organization and infrastructure. Key aspects include risk management strategies, scalability of project management structure and change approval processes.

The report also provides recommendations based on identified findings to enhance decision-making speed and quality while ensuring the successful execution of new restaurant openings. Furthermore, the audit report can be used by stakeholders, including executives and department managers to understand potential bottlenecks in their current system and make informed decisions about implementing changes to improve efficiency and effectiveness in opening new restaurants.

The following procedures were performed:

• All related current policies and procedures were identified and reviewed, and key personnel were interviewed within each process.
• NRO process flow diagrams with process risks and existing mitigating controls were developed.
• A risk and controls matrix (RCM) was developed, which reflected process risks and controls.
• Process and control enhancement opportunities were identified.