Conducting A Strategic Intelligence Audit

Presented by SIS International Research

This presentation from SIS International Research shares fundamental information about a Strategic Information Audit - the value, process, methods, and output.

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The Value of a Strategic Information Audit

Tells you what you don't know
Confirms/Does not confirm what you suspect
Is a "second opinion"
Identifies problem areas
Identifies areas for improvement in the project management process
Enables you to "audit the progress" of project management

What is a Strategic Information Audit?

Definition: A survey of the project management team.

Procurement process
Project leader
Allocation of human and capital resources
Audits the vendor's performance
Audits the output of the project
Audits compliance

Who Conducts the Strategic Information Audit?

Preferably: An outside consulting or research firm with expertise in audits
An internal team that is not a "stakeholder" in the process

Research Methods

Application of traditional market research qualitative and quantitative research methodology
Qualitative: In-depth face-to-face interviews with project management team
Quantitative methods: telephone, face-to-face and web surveys which rate and rank project management procedures
Focus groups: group discussions with key project team members
Review of vendor selection process [traditional "paper trail" review methods]

Output

Qualitative Assessment of degree of compliance with original project management objectives, budget, contracting, performance
Quantitative Assessment of the percentage deviation from the expected project performance
Comprehensive recommendation for future project management procedures

Critical Success Factors

To prevent "sabotage" of the audit, secure "buy in" from senior management [CEO, COO, CIO]
Use an outside firm which does not have "threat" power to the reputation of the elimination of jobs as a result of the audit
Hold initial briefing meetings to explain the objective, scope and the output of the audit

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