What specific aspects of the project will you be monitoring as a proje

1.	What specific aspects of the project will you be monitoring as a project manager?
Answer» Knowledge Area: Integration and Cost Management VARIANCE analysis is the method for calculating the variance between current performances of the project with the baseline. It will be done regularly to keep a track on the variances so that timely CORRECTIVE actions can be taken. Trend analysis is also done at regular interval but no so frequently as variance analysis. The IDEA is to identify if any patterns or trends are emerging in the project performances and variances over time. If trends will be spotted, then we need to understand the reasons for the trends and identify SUITABLE PREVENTIVE actions.

What specific aspects of the project will you be monitoring as a project manager?

Answer»

Knowledge Area: Integration and Cost Management

VARIANCE analysis is the method for calculating the variance between current performances of the project with the baseline. It will be done regularly to keep a track on the variances so that timely CORRECTIVE actions can be taken.

Trend analysis is also done at regular interval but no so frequently as variance analysis. The IDEA is to identify if any patterns or trends are emerging in the project performances and variances over time. If trends will be spotted, then we need to understand the reasons for the trends and identify SUITABLE PREVENTIVE actions.

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