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The project you are managing is about 75% complete and at the monthly meeting with senior management one of the key points is to review the variance analysis on the project. What is the purpose of the variance analysis?

the variance analysis on the project. What is the purpose of the variance analysis?

See below options for answer

a. It measures project variances against scope baseline

b. It measures the variances between the requirements traceability matrix and the WBS dictionary

c. It measures variances between the scope statement and project management plan

d. It focuses on measuring cost variances only

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/05/13
Deleted user
by Deleted user

a. It measures project variances against scope baseline

sardar mardookhy
by sardar mardookhy , Head of portfolio management department , MCI

Option A>>>>>>>>>>>>>>>>>>>>>>

Eng Ahmed Elsharkawy
by Eng Ahmed Elsharkawy , Civil Engineering Project Manager , Altwijry office

thanks for invition ,,,,,,,,,, my choice is option A

Deleted user
by Deleted user

Thanks for the invitation

 

A

Usman Islam
by Usman Islam , Logistics And Warehouse Manager , Kirtanlal Scaffolding & Formwork

Option A is the correct answer ............

Imran khan, PMP
by Imran khan, PMP , Project Engineer/ Project Manager LV/LC , Engineering Consultants Group (ECG)

Progress against baseline and anything thing risk or issue affecting the upcoming project progress should be the key focal points in such meeting for smooth closure. 

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

Option A is good answer. Am i right?

Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Answer is a - It measures project variances against scope baseline.

The purpose of Variance Analysis is to determine magnitude of variation between the original scope baseline and actual performance.

John Machecler
by John Machecler , Development and Production Director , MACEO INDUSTRY

Hi,

 

Obviously, answer a looks best.

 

Though I wonder why the question was asked in a first place...

Arvind Kumar Yadav
by Arvind Kumar Yadav , Assistant Manager Technical , Aristocrat India pvt Ltd

Good question , well 1st of all prepare your report in clear concise and simple form.  Before presenting the report ready with reason behind the variance in EV and SV along with technical reason.

Your justified reason will be good.

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