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Which of the following should an IS auditor review to u…

Which of the following should an IS auditor review to understand project progress in terms of time,
budget and deliverables for early detection of possible overruns and for projecting estimates at
completion (EACs)?

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A.
Function point analysis

B.
Earned value analysis

C.
Cost budget

D.
Program Evaluation and Review Technique

Explanation:
Earned value analysis (EVA) is an industry standard method for measuring a project’s progress at
any given point in time, forecasting its completion date and final cost, and analyzing variances in
the schedule and budget as the project proceeds. It compares the planned amount of work with
what has actually been completed, to determine if the cost, schedule and work accomplished are
progressing in accordance with the plan. EVA works most effectively if a well-formed work
breakdown structure exists. Function point analysis (FPA) is an indirect measure of software size
and complexity and, therefore, does not address the elements of time and budget. Cost budgets
do not address time. PERT aids in time and deliverables management, but lacks projections for
estimates at completion (EACs) and overall financial management.


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