The importance of Quality Assurance (QA) audit is very well known in software developments projects. QA audit mainly focuses on process part of software development projects. There is need to audit technology part as well. So we are introducing concept of Technology Audits. In this Research paper we will focus on Technology Audits for software development projects [1]. Technology Audit mainly focuses only on Technology part of software development. Expert Technical Architects do the Technology Audits at the beginning of the project. This helps in identifying technology related risks at earlier stage of project and help in mitigating these risks. In this Research paper, we will discuss about identification of projects, process for conducting Technology Audit and tracking identified risks. This research paper also discusses various methods which help in conducting Tech Audit.