Exam 12: Project Auditing

Research by Walker argues that __________ is essential for management's ability to assemble information that is both timely and accurate.

This of an audit report contains the auditor's conclusions regarding progress together with recommendations for any changes in technical approach,schedule,or budget that should be made in the remaining tasks.

The __________ of the audit report should contain a review of major risks associated with the project and their projected impact on project time / cost / performance.

In the current status of an audit report,the subheading labeled __________ will compare the work completed with the resources expended.

__________ is defined as a standard for performance,commonly established early on for later comparisons.

Which of the following is not a project audit life cycle event?

A typical detailed audit is conducted when __________ is required.

The __________ dimension of project success is measured primarily in terms of the level of commercial success and market share.For internal projects,however,the factors might include such measures as yields,cycle times,processing steps,quality,and so on.

Identification of the direct goals of a project requires __________.

Managerial audits look at __________ and their use.

In order for an audit / evaluation team to be conducted with skill and precision,all of the following conditions must be met,except __________.

Audits done early in the project lifecycle are often focused on __________.

The __________ of the audit report contains the auditor's conclusions regarding progress together with recommendations for any changes in technical approach,schedule,or budget that should be made in the remaining tasks.

A primary purpose of evaluation is to help translate the achievement of the project's goals into a contribution to the parent organization's direct goals.List some potential benefits that could be applied to ongoing and future projects from recommendations obtained from such an evaluation.

The __________ is a thorough examination of the management of a project,its methodology and procedures,its records,its properties,its budgets and expenditures,and its degree of completion.It may deal with the project as a whole,or only with a part of the project.

The accumulation,storage,and maintenance of auditable data are important cost elements.Such storage may be critically important in meeting the legal test of __________.

Postcontrol cannot change the past,but it tries to capture the essence of project successes and failures so that future projects can benefit from past experiences.The PMBOK refers to this as

A major vehicle for evaluation is the __________,which is a more or less formal inquiry into any aspect of the project.

The __________ of the audit should be reported as of the time of the audit.It should contain the following measures of performance: cost,schedule,progress,and quality.

Project morale may suffer if the project audit report is not written with a(n)__________.