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CISM study material · question 101 of 1000

An investment management model has three phases. Which set correctly names them and their focus?

  1. Select, assessing and prioritising projects; Control, monitoring against cost and schedule; Evaluate, determining whether results were achieved
  2. Plan, Build, Run
  3. Propose, Approve, Audit
  4. Initiate, Execute, Close
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Answer: A. Select, assessing and prioritising projects; Control, monitoring against cost and schedule; Evaluate, determining whether results were achieved

The Select-Control-Evaluate model assesses and prioritises projects in Select, monitors investments against cost and schedule milestones in Control, and determines whether the desired results and performance goals were achieved in Evaluate.

Source: NIST SP 800-100 (NIST) — Sec. 5.1 Legislative Overview

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