(a) What is the need of project audit and how it can be conducted in small-sized,...

 

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(a) What is the need of project audit and how it can be conducted in small-sized, medium sized and large sized organization? (b) In what ways negotiations are carried out in a project and explain principled negotiation? (c) The following information concerns progress at day 8 of a boiler erection project. Use the 50-50 estimate: Budget ($) Activity Ang2 Α B C D F G H Predecessor A C C, D E F Duration (days) 2 3 3 4 3 1 2 4 200 1000 400 1200 800 600 300 500 Actual cost % completion ($) 500 1300 500 1000 1000 100 100 100 100120 40 20 0 Calculate the cost, schedule and time variances. Also calculate CPI, SPI, CSI, ETC and EAC. Comment on the status of the project. 2022 EAC. CO (a) What is the need of project audit and how it can be conducted in small-sized, medium sized and large sized organization? (b) In what ways negotiations are carried out in a project and explain principled negotiation? (c) The following information concerns progress at day 8 of a boiler erection project. Use the 50-50 estimate: Budget ($) Activity Ang2 Α B C D F G H Predecessor A C C, D E F Duration (days) 2 3 3 4 3 1 2 4 200 1000 400 1200 800 600 300 500 Actual cost % completion ($) 500 1300 500 1000 1000 100 100 100 100120 40 20 0 Calculate the cost, schedule and time variances. Also calculate CPI, SPI, CSI, ETC and EAC. Comment on the status of the project. 2022 EAC. CO

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a The need for project audit is to ensure that the project is being executed effectively and efficiently and to identify any deviations from the planned objectives schedule and budget It helps in asse... View the full answer