Exam 8: Evaluating and Terminating the Project

The primary purpose of project evaluation is to given feedback to senior management for decision and control purposes.

It is generally advisable to have the project manager serve as the termination manager.

The primary purpose of project evaluation is to given feedback to the client.

Resocore, an event management company, decides to perform an audit for an ongoing project. The company is constrained by time and cost, and therefore limits the audit to a brief investigation of project essentials. In this scenario, Resocore most likely conducts a(n) _____.

Describe what type of information would be in the risk analysis and risk management section of the audit report?

Matthew, an auditor, is going to start a project audit. He has already acquired information about the project from the accounting department. Which of the following steps should he take to expedite gathering data about the project?

Redemption Inc., an event management firm, wants to establish a social media marketing department. The management assigns one of the company's best managers to form a team of six employees and undertake a project to increase Redemption's presence on social media. The project is closed after it is successfully completed. Redemption Inc. forms a new social media marketing department with the project team members. In the context of project closure, this scenario exemplifies _____.

Project audits are typically very useful in the initiation project state.

The general audit is usually performed by a person or team with special technical skills.

Explain when projects should be closed.

Kqirk, a software development firm, decides to perform an audit for an ongoing project. The project aims to create a multimedia animation software for a client. The company hires a team of auditors who have knowledge about the subject of the project and skills that would enable them to evaluate the progress of the project. In this scenario, Kqirk most likely conducts a(n) _____.

It is best for the project manager and project team to make the termination decision.

The way project termination is managed can impact the project's success.

The request for proposal may contain valuable information for a project audit.

List several key items to consider for project evaluation report recommendations.

What are the steps in a project audit?

Which of the following is concerned with appraising a project relative to its initial or revised plan?

Project evaluation should be limited to an after-the fact analysis.

According to research, future potential is an important dimension of project success.

Agile projects can be closed before they are completed.