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When determining the cause and degree of difference between the baseline and actual performance, a tool such as __________ is used.
Work performance information
Work performance data
Scope management plan
Variance analysis
This is a standard definition used in the PMBOK Guide under the Control Scope process in Project Scope Management.
Variance analysis is the means by which a group of certain variables (or elements that are subject to change) is broken down into its constituent parts, and the analysis of these parts is, in a way, refined.
Variance analysis is used in order to analyze the EVM to determine corrective or preventive actions required in order to eliminate or reduce that variance.
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