Which of the following is a tool and technique used in the Monitor and Control Risk process?a)Activity duration estimatesb)Variance and trend analysisc)WBS dictionaryd)Cost management plan
Question
Which of the following is a tool and technique used in the Monitor and Control Risk process?a)Activity duration estimatesb)Variance and trend analysisc)WBS dictionaryd)Cost management plan
Solution
The correct answer is b) Variance and trend analysis. This tool and technique is used in the Monitor and Control Risk process to compare actual project results to planned or expected results. Any significant variances are identified and investigated. This allows for proactive response to potential issues.
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