Key Metrics for an Interim IT Project Review

B.

Of the options provided, the answer that would provide the MOST useful information regarding project performance is B. Earned value analysis.

Earned value analysis is a project management technique used to measure project performance. It is used to determine the project's status with respect to cost and schedule by comparing the amount of work that has been completed to the actual amount of work planned and the actual amount of money spent to the planned amount. The results of the analysis provide a measure of the project's progress and help project managers to identify problems and take corrective action.

Milestone review (Option A) is a project management technique that involves reviewing the progress of a project at specific points in time when significant milestones have been achieved. While milestone reviews provide information on project progress, they do not provide information on cost or schedule performance.

Cost-benefit analysis (Option C) is a technique used to evaluate the potential financial outcomes of a project by comparing the costs of implementing the project to the benefits that will be derived from it. While cost-benefit analysis provides information on the financial impact of the project, it does not provide information on project performance.

Function point analysis (Option D) is a technique used to measure the size and complexity of software applications. While function point analysis provides information on the size and complexity of the application, it does not provide information on project performance.

Therefore, Earned value analysis is the most appropriate option for an IS auditor to determine the project's status with respect to cost and schedule and to identify problems and take corrective action.