Postinvestment audits of projects should be conducted

• after the project has stabilized rather than shortly after start-up.

to compare actual project performance against expected performance to ❖ evaluate the accuracy of original projec¬ tions.
❖ diagnose problems with implementation.
❖ assess credibility of project sponsors’ infor¬ mation.
in greater depth for high-value investment projects.
using the same technique or techniques originally used to determine project acceptance.