A project team developing a new software application for a financial services company is informed that an external team will be conducting a formal review. This review will examine the project's adherence to development methodologies, quality assurance procedures, and data security policies. What is the primary purpose of this formal review?
To create additional deliverables beyond the project's scope.
To evaluate project processes for compliance with standards and policies.
To develop strategies for increasing team members' motivation.
To find new market opportunities for future projects.
An audit is conducted to evaluate project processes and ensure they are in compliance with established standards and policies. It helps to identify any deviations or areas for improvement to meet quality requirements. The other options describe different project activities: market research, team management, and scope creep.
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What types of standards and policies are typically evaluated during a project audit?
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