You have been appointed as an auditor for the project team and you are required to perform and report on the progress through out.

A new corporate company has an head office and 10 branches spread across the country.The Board has been mandated by the shareholders to formulate and implement the a strategy that maximizes thevalue of the firm.

At a at a Board meeting held on 30^th August 2022, Management has been requested to present the Budget and strategyto the Board for approval before 26^th November, 2022.

You are required to read the information given in appendix 1 and attend to the following questions. You are required to support your answers with Principles of Project management where relevant.

QUESTION

You have a meeting with the project manager and the team for the purpose of you obtaining a clear understanding of the Project committee business and its operating environment.

1. You have been given the Product Life Cycle for producing a strategic plan as part of documents needed for the audit of the Startegy formulation committee. Present five auditable areas relating to the Product Life cycle.