What is typically the hardest thing for an audit team

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Reference no: EM132708102

1.Consider the following statement and whether it's true...  "When considering a project with greater uncertainty on tasks and durations, we should relax the reporting to account for the variability. This is called the "proportionality" principle."

Please select the best answer below.

A. True! Proportionality is essential in a monitoring system

B. The statement is true, but that's not the proportionality principle

C. The statement is false! Proportionality says we should adjust our measurements under uncertainty

D. The statement is false! Proportionality doesn't matter, it's all about how you use the data.

2.What did we learn about measurement and its effects on performance through metrics such as utilization?

Please select the best answer below:

A. Measuring is critical for feedback, and measuring utilization ensures compliance

B. Measuring can backfire, and measuring utilization causes delays

C. Measuring must be targeted, and measuring utilization results in better efficiency

D. Measuring is difficult, and measuring real-world utilization is nearly impossible

3.Why on big projects do we spend up to a week or two on streamlining the data collection and reporting around time spent (effort), work progress, testing results, etc.?

Please select the best three answers below:

A. Establishes the "right way" to report - we need standards!

B. Saves on effort because we do it a lot!

C. Ensures timeliness of reports, we need the data now!

D. Ensures it gets done, no one wants to do it!

E. Gains buy-in by upper management on the reports - early and often!

4.What is typically the hardest thing for an Audit team to get that is essential for performing a thorough, objective audit?

A. Selection of Audit Team

B. Complete Access to Records

C. Access to Project and Personnel

D. Clear Baseline

E. "Rules of Engagement"

Reference no: EM132708102

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