Exam 12: Project Auditing

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

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 __________.

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

The __________ dimension of project success includes factors relating to opening a new market,developing a new line of products or services.Alternatively,if an internal project,success factors include developing new technologies,skills,or competencies.

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

The most immediate dimension of project success is the project's __________ in meeting both budget and schedule.

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

The __________ section 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.

The _____ section of an audit report includes all issues the auditor feels require close monitoring by senior management.

The key rule of engagement for the project auditor is to gain __________ to enter the system.

This section 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.

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

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 __________.

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

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.

List and describe the events that comprise the project audit life cycle.

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

Project evaluation often makes recommendations that relate to the ancillary objectives of the parent organization.List some of these potential ancillary benefits of project evaluation.

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.