Which of the following is the comparison of planned project results with actual project results?
A.
Variance analysis
B.
Cost-benefit analysis
C.
Statistical Sampling
D.
Trend analysis
The Answer Is:
A
This question includes an explanation.
Explanation:
Variance analysis is the process of comparing the planned project results with the actual project results and identifying the causes and impacts of any deviations. Variance analysis helps project managers to monitor and control the project performance, identify and mitigate risks, and implement corrective actions or changes if needed. Variance analysis can be applied to various aspects of the project, such as scope, schedule, cost, quality, and resources. References:
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, Chapter 4.5.3, p. 123
Planned vs. Actual Progress Explained - SmartPM
CBAP PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 65% Discount on All Products,
Use Coupon: "ac4s65"