Variance analysis

Below are the description of all the uses of the working document “Variance analysis”:

“Variance Analysis” is a tool/technique for the process “Control Scope”.
Variance analysis is a technique for determining the cause and degree of difference between the baseline and actual performance. Project performance measurements are used to assess the magnitude of variation from the original scope baseline. Important aspects of project scope control include determining the cause and degree of variance relative to the scope baseline and deciding whether corrective or preventive action is required.

This definition was found in the PMBOK V5

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