Exam 12: Project Auditing

The __________ of the audit report should contain all issues that the auditor feels require close monitoring by senior management,along with a brief explanation of the relationships between these issues and the objectives of the project.

_____ goals are unplanned but important contributions to the project and its parent.

Match the following project stages with the associated value of a project audit. A)Initiation B)Baseline schedule C)Implementation D)Preliminary plan / schedule budget 1)Less useful,plan frozen,flexibility of team limited 2)More or less useful,depending on importance of project methodology to successful implementation 3)Very useful,particularly for setting measurement standards to ensure conformance with standards 4)Significant value if audit takes place early-prior to 25 percent completion of initial planning stage

Which of the following is not one of the top three project success factors,from a project manager's perspective?

Contact between the a / e team and the __________ are not made without clearance from senior management.

The value of project audits / evaluations conducted during the post-project stage will depend on the __________ to future projects.

A formal inquiry into some issue or aspect of a system is known as a(n)__________.

An evaluation of the likely outcomes of a policy and their probability of occurrence,usually conducted to compare two or more scenarios or policies is known as __________.

Discuss some of the problems associated with finding the ancillary goals of a project.

There are tough problems associated with finding the ancillary goals of a project.

During the audit,the auditor / evaluator must maintain __________ and treat all materials gathered as confidential until the audit is formally released.

We have seen a rise in agile management for projects with

The stated project objectives,including funder satisfaction,are part of the project's __________ goals

__________ is a measure of the degree to which the output of a system conforms to pre-specified characteristics.

A meeting place for the project team,a display area for the charts that show the project's progress,a central repository for project files and reports,and an office for the project management and other project administrators.

__________ tries to capture the essence of project successes and failures so that future projects can benefit from past experiences.

The __________ dimension of project success includes the obvious factors of meeting the project's technical and operational specifications.It also includes factors relating to loyalty and repurchase.

The formal audit report may be presented in various formats but should,at a minimum,contain comments on a number of points.Match each of the points below with its description. A)Current status of the project B)Risk assessment C)Information pertinent to other projects D)Limitations of the audit 1)What assumptions or limitations affect the data in the audit? 2)Does the work actually completed match the planned level of completion? 3)What is the potential for project failure or monetary loss? 4)What lessons learned from the project being audited can be applied to other projects being undertaken by the organization?

Identification of the ancillary goals of a project requires __________ because; for the most part the goals were not overtly identified.

Match the following items to be covered in an audit report with their description. A)Future project status B)Critical management issues C)Introduction D)Risk management 1)This contains the auditor's conclusions regarding progress together with recommendations for any changes 2)This contains a description of the project to provide a framework of understanding for the reader 3)This should contain a review of major issues associated with the project and their projected impact on project time / cost / scope 4)All issues that the auditor feels require close monitoring by senior management