Proteus Launches New Approach to Project Assurance, Empowering Internal Audit to Drive Organisational Change

LONDON – October 2, 2024: In a bold move set to redefine the role of internal audit in organisational transformation, Proteus today unveiled Proteus Project Assurance. This innovative approach is designed to catapult internal audit teams from traditional governance into strategic advisors driving successful change.   
As the complexity of initiatives skyrockets – with 80% of projects now classified as highly complex, up from 50% a decade ago – forward-thinking internal audit leaders are looking for ways to elevate their impact. Proteus Project Assurance answers this call, offering a data-driven solution that transforms internal audit teams from perceived roadblocks into valued enablers of organisational agility.   
Alex Corbett, MD of Growth at Proteus, comments: “We’ve listened to internal audit leaders who are eager to revolutionise their approach. Proteus Project Assurance is their ally in this transformation, providing the tools to deliver faster, more accurate, and strategically impactful insights across entire project portfolios.” 
Harnessing data from 45,000 project reviews, Proteus Project Assurance goes beyond traditional compliance-focused approaches. It rapidly diagnoses project health, predicts outcomes with data-driven accuracy, and provides actionable insights that resonate in the boardroom. By benchmarking projects against ‘what good looks like’ and generating comprehensive reports within weeks, not months, it empowers internal audit teams to offer the kind of strategic guidance that earns them a seat at the decision-making table.  
The solution’s innovative features include Project Health Workshops, which enable internal audit teams to provide advisory services across the portfolio, enhancing their strategic value, and Triage Reviews, which deliver independent project assurance in just 2-3 weeks with minimal disruption to stakeholders.  
These rapid, low-impact assessments significantly increase project success predictability and achievement of intended outcomes, aligning perfectly with the modern internal audit leader’s goal of proactive risk management.   
Martin Masson, MD of Practices at Proteus, adds: “Waiting for risks to surface is no longer an option. Proteus Project Assurance empowers internal audit teams to expose risks before they expose the organisation, putting proactive project assurance firmly on the C-suite agenda.”   
Recognising the diverse needs of internal audit teams, Proteus Project Assurance is available in multiple delivery options, including co-sourced solutions, licensed solutions, and full internal audit capability building – including a comprehensive training programme based on 25 years of client engagements.  
This flexibility allows organisations to choose the best fit for their internal audit mandate needs and maturity levels, supporting internal audit leaders in their journey towards innovation and strategic impact.   
For internal audit leaders who are ready to lead the charge in change and transformation, Proteus Project Assurance offers the tools to turn vision into reality.