Exam 12: Project Auditing

__________ is one of the four independent dimensions of project success,and is focused on meeting both the budget and schedule established in the project plan.

Compare the following components of projects audits with their characteristics. A)Measurement B)Record-keeping system C)Recommendations D)Qualifications to the audit report 1)No standard system,uses any system desired by individual organization or dictated by contract 2)Financial terms plus schedule,progress,resource usage,status of ancillary goals 3)Focus on shortcomings of audit process 4)Often required,and may cover any aspect of the project or its management

List and describe the points that should be contained in the formal report of a project audit.