Chapter 12: Project Auditing

Question 1

project audit

Answer 1

focus on whatever senior management wants, appraises progress/performance against standard

Question 2

depth of audit

Answer 2

time/money limit depth, distracting to those working on project, poor audit result will lower morale

Question 3

project audit life cycle

Answer 3

project audit initiation, project baseline definition, establishing audit database, preliminary analysis, report preparation, audit termination