A project manager wants to measure project performance against the project baseline. Which technique would be MOST helpful?
Variance Analysis
Earned Value Technique
Work Performance Information
Reserve Analysis
And what should be the right answer, as per me it should be C - Work Performance Information
Clarification:
Variance Analysis is the right answer - we understand this by remembering that variance analysis is comparing the difference between two items. In our project control efforts, the two items are 'actual' and 'plan'.
Earned Value Management uses variance analysis. Work Performance Information is the result of variance analysis. Reserve analysis is reviewing reserve needs and is observed in planning processes, as compared to variance analysis' control focus.
Variance Analysis is defined in the glossary, over on page 566; you'll see the definition matches the above scenario. I would focus on reviewing the individual definitions of all 4 options of questions you got wrong - variance analysis doesn't inhabit a single knowledge area and is distributed across quite a few.
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