In a large enablement project with strict time lines, risks need to be closely monitored. The risk manager publishes reports comparing planned enablement sessions with actual enablement sessions, whic

The correct answer is A. Variance analysis. Variance analysis is the technique of comparing planned (baseline) values against actual performance values to identify deviations. In this scenario, the risk manager is comparing planned enablement sessions to actual sessions-a classic planned-vs.-actual comparison. This reveals

Risk Monitoring and Reporting

Question

In a large enablement project with strict time lines, risks need to be closely monitored. The risk manager publishes reports comparing planned enablement sessions with actual enablement sessions, which help identify potential risks to be addressed. Which technique is the risk manager using?

Options

AVariance analysis
BResidual impact analysis
CSensitivity analysis
DReserve analysis

How the community answered

(53 responses)

A
83% (44)
B
2% (1)
C
4% (2)
D
11% (6)

Explanation

Variance analysis is the technique of comparing planned (baseline) values against actual performance values to identify deviations. In this scenario, the risk manager is comparing planned enablement sessions to actual sessions-a classic planned-vs.-actual comparison. This reveals variances that signal potential risks. Reserve analysis examines contingency reserves, sensitivity analysis evaluates how uncertainty in inputs affects outputs, and residual impact analysis examines risk impact after responses are applied-none of which describe this planned-vs.-actual comparison.

Topics

#Variance analysis#Risk monitoring#Performance measurement#Deviation identification

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