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NEW QUESTION: 1
An internal quality assessment of the internal audit activity should provide the chief audit executive with:
A. Appraisals of internal audit staff performance.
B. Objectives for internal audit engagements.
C. Confirmation of action on past audit recommendations.
D. Recommendations for improvement.
NEW QUESTION: 2
A. Option D
B. Option C
C. Option B
D. Option A
NEW QUESTION: 3
When you review cost performance data on your project, different responses will be required depending on the degree of variance or control thresholds from the baseline. For example, a variance of 10 percent might not require immediate action, whereas a variance of 100 percent will require investigation. A description of how you plan to manage cost variances should be included in the______________
A. Variance management plan
B. Change management plan
C. Performance measurement plan
D. Cost management plan
The management and control of costs focuses on variance thresholds. Certain variances are acceptable, and others, usually those falling outside a particular range, are unacceptable. They are typically expressed as percentage deviations from the baseline plan. The actions taken by the project manager for variances are described in the cost management plan. [Planning] [email protected], [email protected] Guide, 2013, 199
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