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You are the project manager responsible for developing a new hybrid engine for a major auto manufacturer.

 

 You are in the process of developing the project schedule and would like to access the feasibility of your project schedule under various different conditions. Which of the following scheduling techniques is the LEAST appropriate?

A. What-if scenario analysis

B. Variance analysis

C. Monte Carlo analysis

D. Simulation

 

Planning Schedule Control Schedule Planning Project Management Management
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/08/28
Upvote (1) Views (9) Followers (4) Answers (3) Report Question
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Deleted user
by Deleted user

Variance analysis, in budgeting (or management accounting in general), is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned amount or standard amount and the actual amount incurred/sold. Variance analysis can be carried out for both costs and revenues.

Imran Ahmed
by Imran Ahmed , Manager-Planning & Delay Analyst , Nesma United Industries (NUI) Saudi Arabia

Option-B  Variance analysis is the answer

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

Thanks for the invitation.

Obiviously answer is B - Variance Analysis.

Variance Analysis is the technique used for Controlling the Scope.

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