A Third of All Projects Fail - Brooke Innovation Centre is Surveying Project Auditors to Learn Why

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According to statistics compiled globally in recent years, 44 percent of strategic initiatives are unsuccessful. Brooke Innovation Centre is teaming with the Dutch Chapter of the Institute of Internal Auditors (IIA NL) to find answers.

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If the auditor’s role is restricted to the compliance aspect, the added value of the auditor may be substantially reduced

Modern times are hard times for corporations worldwide. That's because the business world is becoming increasingly complex. Accordingly, many projects launched by companies every year are also becoming more complex. And that's leading to an astoundingly high rate of project failure.

According to statistics compiled globally in recent years, 44 percent of strategic initiatives are unsuccessful (Statistic provided by PMU Pulse of the profession, Oct 16th, 2014: http://www.pmi.org/Learning/pulse.aspx). That's a statistic that is simply unsustainable for many companies. And that's why the Brooke Innovation Centre is teaming with the Dutch Chapter of the Institute of Internal Auditors (IIA NL) to find answers.

Project Auditors Have Important Knowledge and Experience

No professional group is better positioned to furnish information about the state of project management than project auditors. And that's why the Brooke and IIA NL survey will gather data from project auditors worldwide.

Until 15 December 2014 project auditors are invited to visit https://www.surveymonkey.com/s/JS8CY7W and participate in the survey. Survey participants will be rewarded with a complimentary copy of the full report when the survey comes to a close.

Progress Has Already Been Made

In 2013, Sam Huibers of the IIA NL led the survey on trends in project auditing in the Netherlands. The 2013 survey revealed that the role of project auditors is evolving. “If the auditor’s role is restricted to the compliance aspect, the added value of the auditor may be substantially reduced,” Sam comments. On the whole, audit functions are challenged to keep pace with the rapid change faced by companies today. The 2014 survey is designed to build upon the knowledge gained in 2013, drawing upon the collective experience of an international field of survey participants.

Widespread Survey Participation Will Benefit All
The 2014 survey will seek to answer questions such as:

  • How does project auditing compare across different organizations?
  • What challenges does the auditing profession face as a whole?
  • What new auditing practices can lead to better managed projects?

The answers to these questions are of vital importance to project auditors and to every company. That's why widespread participation in the 2014 survey will benefit all. Operational auditors, IT auditors and business accountants can offer their unique perspectives by visiting https://www.surveymonkey.com/s/JS8CY7W.

About Brooke:

The Brooke Innovation Centre conducts research and develops methodologies and applications for the project and contract management profession. The Centre converts research findings, field experience and data into innovative practices that help organisations execute contracts and projects successfully. Clients include governments, professional associations and multi-nationals.

For more information about Brooke, visit http://www.brooke-innovation.com/, or contact Jeroen Bolluijt lead partner jeroenbolluijt(at)brooke-innovation(dot)com +31 20 403 7331

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Cornelius Vega
@ProPressRelease
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