SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data Flow Charts
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Delphi Technique
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Pareto Charts
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Variance and Trend Analysis
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Detailed explanation-1: -Variance analysis is the practice of comparing actual project results to what was planned or expected. It’s a way to quantify how well ― or how badly ― a project is progressing.
Detailed explanation-2: -EVM. EVM (earned value measurement) compares what was produced to what was spent. It monitors a project’s planned value, earned value, and actual costs (ETC is estimate to complete; EAC, estimate at completion; BAC, budget at completion).
Detailed explanation-3: -Variance Analysis is the only entry under the Tools and Techniques head of the Control Scope process. And it is an important tool for project scope management knowledge area. As the name implies, Variance Analysis is where the Project Manager measures and compares two values. This can also result in change requests.