Question 1

Briefly describe and contrast general audits, detailed audits, and technical audits.

Accepted Answer

The answer of Briefly describe and contrast general audits, detailed...

Question 2

What criteria should be included in evaluating a project?

Accepted Answer

The answer of What criteria should be included in evaluating...

Question 3

Describe what type of information would be in the critical management issues section of the audit report?

Accepted Answer

The answer of Describe what type of information would be...

Question 4

Contrast closure-by-addition with closure-by-integration.

Accepted Answer

The answer of Contrast closure-by-addition with closure-by-integration....

Question 5

Which of the following is not a typical step in a project audit?

Accepted Answer

A)  familiarize the audit team with the requirements of the project 
B)  collect benchmark data from other similar projects 
C)  audit the project on-site 
D)  write-up the audit report in the required format 
E)  distribute the report

Question 6

Which of the following is typically not included in the project final report?

Accepted Answer

A)  administrative performance 
B)  project performance 
C)  organizational structure 
D)  project teamwork 
E)  risk analysis and risk management

Question 7

Portia is the head of an audit team that is conducting a project audit. Most of the people in her audit team are new and inexperienced. In order to ensure that her team builds trust with the project team during the audit, Portia should tell her team members to:

Accepted Answer

A)  accept unconfirmed and unverified sources of information. 
B)  refrain from informing project personnel about the operations involved in an audit process. 
C)  offer their personal opinions on the data gathered. 
D)  avoid misunderstandings with the project team members. 
E)  avoid guidelines that seem too time consuming.

Question 8

Measuring the project's performance against a planned budget and schedule is generally straightforward.

Accepted Answer

A) True 
 B)False

Question 9

The traditional management audit is typically broader than a project audit.

Accepted Answer

A) True 
 B)False

Question 10

Albert, a project manager, completed a complex project. He then prepared a project final report for the purview of senior management. In a specific section of the report, he listed the management practices that worked well for the project and helped team members complete the project without any delay. Which of the following items did Albert address in this section?

Accepted Answer

A)  Client performance 
B)  Financial feasibility 
C)  Administrative performance 
D)  Project forecasting 
E)  Closure of facilities

Question 11

Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?

Accepted Answer

A)  termination-by-addition 
B)  termination-by-extinction 
C)  termination-by-integration 
D)  termination-by-starvation 
E)  termination-by-elimination

Question 12

Agile projects may conclude with a special sprint referred to as the "final" sprint.

Accepted Answer

A) True 
 B)False

Question 13

Measuring a project's success on budget, schedule, and performance is typically more complicated than measuring revenues or qualitative, subjective factors.

Accepted Answer

A) True 
 B)False

Question 14

Later project audits are typically of less value to the project team and of more interest to general management.

Accepted Answer

A) True 
 B)False

Question 15

Project evaluation appraises the performance of a project relative to the project's initial or revised plan.

Accepted Answer

A) True 
 B)False

Question 16

Four fundamental reasons for project failure include all of the following except…

Accepted Answer

A)  Project was not required for this task in the first place 
B)  Insufficient support form senior management 
C)  Insufficient funds 
D)  Poor up-front funding 
E)  Naming the wrong project manager

Question 17

What issues should be addressed in the project final report?

Accepted Answer

The answer of What issues should be addressed in the...

Question 18

Briefly describe the three types of project closure.

Accepted Answer

The answer of Briefly describe the three types of project...

Question 19

Project evaluation should only appraise the progress and performance of a project relative to the project's initial plan and not relative to a revised plan.

Accepted Answer

A) True 
 B)False

Question 20

Early project audits usually focus on the project's budget and schedule.

Accepted Answer

A) True 
 B)False

Exam 8: Evaluating and Terminating the Project

Briefly describe and contrast general audits, detailed audits, and technical audits.

What criteria should be included in evaluating a project?

Describe what type of information would be in the critical management issues section of the audit report?

Contrast closure-by-addition with closure-by-integration.

Which of the following is not a typical step in a project audit?

Which of the following is typically not included in the project final report?

Portia is the head of an audit team that is conducting a project audit. Most of the people in her audit team are new and inexperienced. In order to ensure that her team builds trust with the project team during the audit, Portia should tell her team members to:

Measuring the project's performance against a planned budget and schedule is generally straightforward.

The traditional management audit is typically broader than a project audit.

Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?

Agile projects may conclude with a special sprint referred to as the "final" sprint.

Measuring a project's success on budget, schedule, and performance is typically more complicated than measuring revenues or qualitative, subjective factors.

Later project audits are typically of less value to the project team and of more interest to general management.

Project evaluation appraises the performance of a project relative to the project's initial or revised plan.

Four fundamental reasons for project failure include all of the following except…

What issues should be addressed in the project final report?

Briefly describe the three types of project closure.

Project evaluation should only appraise the progress and performance of a project relative to the project's initial plan and not relative to a revised plan.

Early project audits usually focus on the project's budget and schedule.