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PMI PMP Project Manager Certification

Category - Scope Management

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Which of the following is a tool to analyze whether the project is on schedule?

Project charter
Work Breakdown Structure
WBS Dictionary
Hierarchical project matrix
Variance analysis

Explanation

Answer: E - Variance analysis measures a project against what was planned in terms of time and budget.

Key Takeaway: A variance analysis should be run against a project baseline and constantly updated to include any scope changes.

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