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Essay / Research Paper Abstract
This 4 page paper looks at three different measures that may be used in a project audit, assessing budget compliance, scheduling and progress and quality. The bibliography cites 4 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEprojaudit.rtf
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Unformatted sample text from the term paper:
project audit. There are three main areas of project management that need to be fulfilled if a project is to deemed successful , the project needs to be completed on
time, within budget and the to right standard (Dainty et al, 2003). It may be argued that some of these issues may be coarse measures, as there can be
external influences that are outside of the control of the project manager as such evaluating the project manager by the same measures may not necessarily be a fair assessment if
there are external elements influencing the project (Dainty et al, 2003). Therefore when looking at the project the assessment measures used for the project do not automatically reflect the
abilities of the project manager they may also reflect the resources that were allocated, the flexibility given and other constraints that are present. However, it is still necessary to measure
the project progress with tools such as a project audit, to allow for assessment not only for the project, but also the plans, the manager, the contractors or employees and
any other factors which come to light as a result of the audit. There are many measures used. The first will be an assessment of the projects performance in
terms of budget compliance. Budgets are never 100% accurate, there maybe changes in input prices, unexpected costs in material or labor or details which entail costs, just as there maybe
over estimates and the contingency amount may be correct (Chadwick, 2000). When looking at the budget is essential to assess the different elements of the project in order to assess
the level of compliance (Heerkens, 2001). Where there has been has been an over spend it is essential to identify the causes that that overspend and the knock on
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