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You are the project manager responsible for developing a new hybrid engine for a...
Posted by:
Muhammad Farooq
15-May-2019

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

Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/08/28

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3 Answers

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.

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