IIA-CIA-Part3-3P Exam Dumps : CIA Exam Part Three: Business Knowledge for Internal Auditing

Which of the following statements about slack time and milestones are true?

1) Slack time represents the amount of time a task may be delayed without delaying the entire project.

2) A milestone is a moment in time that marks the completion of the project's major deliverables.

3) Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.

4) A milestone requires resource allocation and needs time to be completed.

Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?