Fair Lawn, NJ (PRWEB) June 27, 2012
Auspicium launches CARE(TM) tool - Construction Audit Risk Evaluation
Construction projects can be scary and risky. Auspicium helps work with project owners to deliver a quality audit that is easily expandable to current and future projects.
Construction audits are most effective when comprehensive assessments of risk are performed. Many audit departments lack the experience to audit high value construction projects, as construction work can pose challenges that organizations and auditors seldom face or have the skills to perform, or simply insufficient resources.
Construction projects present uniquely challenging financial and project risks. Construction of a new corporate headquarters, production facilities, data centers, retail operations or infrastructure can be amongst the most critical activities a company or organization can undertake. Failure to deliver can impact the bottom line, disrupt or even bring to a halt delivery of essential services.
The CARE(TM) methodology addresses all stages of construction from contract execution, vendor selection, construction, transition and finally occupancy or use. Some of the issues the methodology helps to address, include cost overruns, late delivery, safety and even fraud. Effective governance is essential to ensure the success of construction projects and CARE(TM) can be easily applied to assess the control framework in place.
CARE(TM) enables project managers and auditors to focus their attention on the areas of greatest risk, helping to ensure successful outcomes. A successful project is one that is on time, within budget, meets or exceeds quality expectations and is safe.
Auspicium specializes in auditing construction projects. Auspicium developed CARE(TM) to help their clients rapidly understand the risks construction work presents, implement an efficient and effective audit program, and ensure a control environment is in place to mitigate risks. Each project can present unique challenges, the flexible CARE methodology allows Auspicium to analyze projects and deliver tailored practicable solutions.
Auspicium is a recognized leader in construction audit and construction audit training. The CARE(TM) methodology will help them deliver greater value to their clients. At Auspicium we CARE(TM).
For further details concerning this press release, please contact Denise Cicchella (denise(dot)cicchella(at)auspiciumco(dot)com) or Stuart Gardner (Stuart(dot)gardner(at)auspiciumco(dot)com) or visit our website at http://www.auspicium.com.