.Getting a Client’s Final Acceptance: Benefits and Risks.

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

Missing the following information. “Include a specific manner of project evaluation. How will you determine your level of success? What will you measure? Whose evaluative input will you seek”?

Larson, E., & Gray, C. (2010). Project management, the managerial process. (5th ed., p. 158).

One way that project management differs from management of more traditional activities is because of

Question 17. Could the above-mentioned problems have been resolved if there had been a singular methodology for project management in place?

Gray, C. F. & Larson, E. W. (2008). _Project Management: The Managerial Process_. Boston, MA: McGraw-Hills Companies, Inc.

the nature, timing, and extent of the procedures performed are consistent with the tailored audit program ; adequate in light of the results obtained; and documented in sufficient detail to provide a clear understanding of the purpose, sources, and conclusions reached (including reasons for these conclusions);

Executive Summary Project management is the science of planning, organizing, executing, and managing the resources needed to achieve a specific goal. Effective project managers (PM) strategically facilitate the entire project management process to ensure the project’s success. To do this the PM must adequately meet the specific requirements (i.e., time, scope, quality, and cost) set forth by the project and its stakeholders. It is theorized that PM must possess a set of core competencies in order to successfully manage a project. Those competencies are development of project management knowledge areas, application of appropriate project management tools and techniques, understanding of the project

The purpose of the Auditors report was to check the conformance of the Company financial report;

In this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.

In “Response of IT Project Management: Infamous Failures, Classic Mistakes, and Best Practices”, R.Ryan Nelson (2007) argued that the best way to avoid classical mistakes and finally stay away from infamous failure is to use best practices proactively and knowledgeably. He also suggested that project managers focus on people and process, institute their own best practices, and improve best practices by identifying the problems most occurs in specific project and using the matrix.

While implementing a project it is imperative to have the commitment of the management and also employees, the employees were disgruntled as the project threatened their jobs, it would be advisable to avoid the project all together.

In order to achieve their business objective, project management and the used methodology are key factor which will be responsible for the success or failure of this project.

They are not tool specific. In today's software-reliant world, the reality is that the methodology and the organization's project management software tool are often heavily intertwined. Complication and sophisticated client expectations of the latest projects reveal the flaws of traditional project management methods. In addition usually project managers are expected to make a sense of balance between client expectations and business interests and also to improve the end product, decrease cost and duration of the project (Project Management Institute 2005). The disadvantages of traditional project management method are listed below.

3. INTERNAL CONTROL & INTERNAL AUDIT  Internal Control  Internal Audit  Standards on Internal Audit 4. PROJECT PROFILE  Objectives  Research Methodology 5. LEARNINGS & OBSERVATIONS  Learnings        Audit Scope & Coverage Organisation Structure of IA Department Audit planning & process Audit approach & methodology Life cycle of an audit Performance evaluation Quality systems