Which of the following is the comparison of planned project results with actual project results?
Which of the following is the comparison of planned project results with actual project results?
Variance analysis is the comparison of planned project results with actual project results. This technique involves identifying and analyzing the differences between these planned and actual outcomes to determine any variances and understand their causes. This helps in managing and controlling project performance.
Variance analysis can be summarized as an analysis of the difference between planned and actual numbers.
BABOK V3 pg 172 .5 Performance Variances: The difference between expected and actual performance represents a variance that is considered when analyzing solution performance.