Question 1

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

Accepted Answer

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Question 2

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

Accepted Answer

Maintaining independence, specifically political and technical, is important for the integrity and objectivity of the audit. Additionally, the auditor/evaluator must treat all materials gathered during the audit as confidential until it is formally released to ensure the privacy and protection of the auditee's information. Therefore, the best choice is A, political and technical independence.

Question 3

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

Accepted Answer

A formal inquiry into some issue or aspect of a system is commonly known as an audit. This process involves reviewing and assessing various aspects of the system, such as its financial records, performance, compliance with regulations and policies, and organizational processes. As a result, an audit helps to identify areas for improvement, evaluate the effectiveness and efficiency of the system, and promote accountability and transparency. Therefore, choice D, audit, is the most appropriate answer.

Question 4

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

Accepted Answer

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Question 5

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

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Question 6

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.

Accepted Answer

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Question 7

The __________ section 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.

Accepted Answer

The critical management issues section is meant to identify any important concerns that require attention from senior management. This section should also explain how these issues are related to the overall project objectives. The other sections listed do not typically address this type of information.

Question 8

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

Accepted Answer

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Question 9

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

Accepted Answer

The key rule of engagement for the project auditor is to gain permission to enter the system. Without permission, the auditor cannot perform their duties effectively or efficiently. Acceptance, weight, and money are not as relevant in this context.

Question 10

We have seen a rise in agile management for projects with

Accepted Answer

Agile management works well for projects with uncertain scope as it allows for flexibility and adaptation as the project progresses. It may not necessarily be the best choice for projects with high costs, low employee morale, or low quality.

Question 11

Discuss the differences between a project audit and a financial audit.

Accepted Answer

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Question 12

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.

Accepted Answer

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Quiz 12: Project Auditing