Variance analysis, trend analysis, and earned value techniques are: ?

Hi Team,

Variance analysis is the variation between plan and actual project performance. It further helps to identify causes and assess severity of deviation. Moreover, the planned performance is any project performance metrics like schedule, cost, scope and risk.

A well structured variance analysis should include the following aspects.

1. Identify the affected key performance indicators?
2. Assess the quantum of deviation?
3. Estimate the degree of impact on project performance?
4. Identify the causes of variation?
5. Establish the corrective action?
6. Estimate the resources required to implement the corrective action?
7. Establish time schedule required to implement the corrective action?
8. Recommend preventive action?

C. Performance reporting technique