Audit deliverables - Study guides, Class notes & Summaries

ISACA Audit Standards Questions and Answers Updated (2024) (Verified Answers) 1001 Audit Charter IS audit shall document the audit function appropriately in audit charter indicating purpose, responsibility authority and accountability and should be approved at an appropriate level within the enterprise 1002 Organizational Independence IS audit shall be independent area or activity being reviewed to permit objective completion of the audit and assurance engagement 1003 Professional I...

CISA Domain 3 Missed 56 Questions with Verified Answers When auditing the proposed acquisition of a new computer system, an IS auditor should FIRST ensure that: a clear business case has been approved by management. corporate security standards will be met. users will be involved in the implementation plan. the new system will meet all required user functionality. - CORRECT ANSWER A is the correct answer. Justification The first concern of an IS auditor is to ensure that the proposal me...

Operations Management - correct answer ongoing production of goods and services Program Management - correct answer group of related projects managed in a coordinated way to obtain benefits and control that are not available from managing them individually Portfolio Management - correct answer collection of projects, programs, subsidiary portfolios, a...

What should a business case include? - correct answer B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the Project Risk Analysis Management? - correct answer Initiate - define project and focus Identify - what are the risks? Assess - how significant ? ( probability and impact ) Plan responses - what can/will we do? Implement responses - how have we done? What are the 5 phases in the extended project life cycle? - co...

CAPM Practice Exam 430 Questions with Verified Answers D. Throughout the project lifecycle - CORRECT ANSWER When should Project Risk Management be conducted? A. Project Planning B. Monitoring and Controlling C. Quality Planning D. Throughout the project lifecycle B. procurement strategy - CORRECT ANSWER Once the make-or-buy analysis is completed, which document defines the project delivery method? A. Procurement statement of work (SOW) B. Procurement strategy C. Terms of refere...

Configuration Management process - Status accounting - Answer knowing the status of items, proposed changes and the implementation status of approved changes (Archived records) Risk in a Business case - Answer the major risks and their impact on the business case. What a business case includes? (BOBCART) - Answer Background, Options, Benefits, Commercial Aspects, Risks, Timescales PRAM process - Answer Initiate Identify Assess Plan responses Implement responses Risk management -...

What should a business case include? - Answer B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the PRAM? - Answer Initiate Identify Assess Plan responses Implement responses What are the 5 phases in the extended project life cycle? - Answer Concept Definition Development Handover and Closure Operations Who are potential stakeholders within a project? - Answer Project Sponsor Project Team Users Suppliers...

Project Closing: Types - ️️1. Termination by integration and termination by addition Successful cases: project outputs integrated and/or used as input for another project/production 2. Termination by starvation Project ends because resources run out. 3. Termination by extinction Termination by management because the project failed (objectives not met, superseded by technical advances, not profitable anymore). Managing Project Costs - ️️The project manager is tasked with keeping t...

What is the purpose of a work authorization system? To clarify and initiate the work of each work package This system automates, collects, and distributes project data and incorporates the configuration management system and change control system. PMIS In the critical chain method, what are the names of the non-work activities added to the path and at the end of the path? Feeding buffers are added to dependent tasks that feed into the critical chain, and project buffers are adde...

PMI Practice Exam II - Questions and Answers (Complete Solutions) A new project has a project team that is divided between onsite and offshore locations. Project manager observed a rising conflict between the two parts of the team during project initiation. What should project manager do? Organize a face-to-face meeting during project kick-off. During a progress meeting, the project team learns that an identified risk materialized. The project manager decides to execute the risk response plan,...