1. Project Purpose/Background

The project audit serves to review and evaluate the project that the project sponsor has provided. Students can learn how to utilize project management tools efficiently across the project life cycle by participating in the sponsor project. To guarantee a successful project conclusion, these measures will analyze the project's statement of work, potential risks, and quality concerns. As a team, we want to make sure there are enough resources to complete the project and that the product always meets or exceeds all performance expectations.

2. Strategic Alignment

The primary goal of this assignment is to expose students to the real-world application of project management techniques. Having the chance to work on a real-world project like this is an invaluable learning experience for the students. Students will be able to apply the concepts they learn to their future activities with the help of the project sponsor's expertise and direction. Students can make links between the PMBOK 6th edition and the tactics used in the sponsor's project by analyzing the project. Students who participate in all stages of this project, from planning to closing, will be better prepared to take on more difficult initiatives in their future companies.

3. Project Scope

a. Final Deliverables(describe the final deliverable of your project and measurable success criteria for each - delete this text from your final submission)

The final deliverable will be concluded as the completion of the capstone project and be a part of the capstone exhibition. Learning everything there is to know about the project and the market as it stands right now. Acquiring familiarity with the thinking and methods used by our project's sponsor to complete the project. Documentation for the project will include components like final audit reports, status reports, and an audit plan.

• A final course grade of 85% or higher will be used as the success metric.
• On-time project completion achievement.
• Using the correct methodology, strategy, and resources to complete the project and get on-time approvals.

b. Project Customer(s)(describe the internal and external recipients of your final deliverables - who will use / benefit from your project? - delete this text from your final submission)

• Humber College - Capstone Exhibition will act as showcasing students work and knowledge about Project Management
• Students from the first semester serve as customers, which will benefit them for their future capstone project and provide them with a better comprehension of real-time project exhibitions, as well as provide them with potential future industry references.
• Sponsors will serve as references for the future, which will aid in establishing industry connections. This can provide students with opportunities for internships, partnerships, and employment.

c. Out of Scope(briefly identify any major work that will be considered out of scope for your project - delete this text from your final submission)

• Our audit will not include how the project is actually carried out or implemented technically. We will be focusing on evaluating the results and checking for conformance with applicable guidelines and standards.
• Since all we're doing is conducting an audit of a job that's already been done, our work won't cost anything. This effort is completely unnecessary.
• Future commercial plans for the project, as well as plans for the project itself

4. Assumptions(describe at least two assumptions - what you believe to be true at the time of planning your project- Justify - delete this text from your final submission)

• The sponsor will adhere to the Project Management Body of Knowledge (PMBOK) principles and provide timely and relevant responses to project-related inquiries.

• All team members will have a thorough comprehension of the project's objectives, scope, and prerequisites.

• The project team members and the sponsor will thoroughly adhere to the predetermined meeting schedule and actively participate in project-related discussions.

5. Constraints(identify the priority from the triple constraint of time/cost/scope and justify - are there any other constraints or limitations on your project? - delete this text from your final submission)

• A lack of precise project information could result in increased working hours if team members and the sponsor fail to communicate effectively during interviews and meetings.
• The team may struggle to maintain frequent touch with sponsors if they have to prioritize classwork from other classes.
• The sponsor's inability to attend the meeting due to their heavy schedule may have serious consequences for the project's timeline and quality.

6. Preliminary Schedule(what are the key activities / deliverables of your project and the deadline dates? - delete this text from your final submission)

Scheduled activity deliverable	Start Date	End Date	Accountable	Other Resources
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7. Risks(identify at least two initial risks that may impact your project - delete this text from your final submission)

Risk Description	Assessment	Mitigation Strategy
If - Effective communication among team members and with the project sponsor is essential for successful project execution. Then - Deviation from the primary objective of the project, which involves auditing and evaluating the sponsor's project, would result in disruption.	Likelihood that the risk will occur:Medium Impact on the project if the risk does occur: High	Establish robust communication channels among all project participants to ensure effective collaboration.
If - there is a lack of or insufficient documentation for the project. Then - The efficiency of the project may suffer as a result of probable inaccuracies, mistakes, and delays caused by this risk.	Likelihood:Medium Impact: Medium	a plan for managing documentation that specifies the data, file types, and guidelines that will be required.

question - put an eagle eye's view over the document and a Preliminary Schedule and Gantt chart