Variance Analysis Includes Which of the Following Processes

question 92

Multiple Choice

Variance analysis includes which of the following processes?
I. Calculating variances
II. Analyzing the reasons variances occurred
III. Predicting variances in future periods

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II, and III

---

Definitions:

Client Expectations

The set of requirements or standards that a client expects a service provider to meet or exceed.

PMBOK Guide

The Project Management Body of Knowledge Guide is a set of standard terminology and guidelines for project management established by the Project Management Institute.

Professional Project Managers

Individuals certified and skilled in the planning, execution, and supervision of projects, ensuring they meet specified goals and constraints.

Commodity

A fundamental item utilized in trade that is exchangeable with other items of identical nature.