As a project manager, you are performing various project performance measurements to assess the magnitude of variation. You then attempt to determine the cause and decide whether corrective action is required. This would be known as: A. Scope AnalysisB. Variance AnalysisC. Performance ReportingD. Configuration Management Show Answer B. Variance Analysis
Variance analysis refers to cost performance measurements used to assess the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses? A. The percentage range of acceptable variances will tend to decrease as the project progresses.B. The percentage range of
During the weekly change control board meeting, you invited the facilities manager to speak about the change request to increase the BTU’s to the air conditioning system in the new data center. This is an example of what type of tool and technique in the Perform Integrated Change Control process? A. Variance AnalysisB. Expert JudgmentC.
You are working as a project manager for a high yield crop development project. Data from the weather agency shows an unfavorable weather pattern for next few months. As a senior project manager, you want to assess the feasibility of the schedule under adverse conditions and provide some insights to your team. This way, your
The project management team expects that during the course of the project, there could be delays in component delivery due to strikes, changes to the permitting processes or extensions of specific engineering durations. What analysis will help come up with contingency and response plans to mitigate these? A. Contingency analysisB. Variance analysisC. What-If scenario analysis.D.