Performance Reviews

Performance reviews compare cost performance over time and the estimates of funds needed to complete the remaining work. Three types of analyses are associated with performance reviews: variance analysis, trend analysis, and earned value performance.

According to the PMBOKĀ® Guide, trend analysis determines whether project performance is improving or worsening over time by periodically analyzing project results. These results are measured with mathematical formulas that attempt to forecast project outcomes based on historical information and results. You can use several formulas to predict project trends, but it's outside the scope of this book to go into them. For the exam, you're expected to understand the concept behind trend analysis, not the formulas used to calculate it. You'll want to remember that you can use the results you've analyzed using trend analysis formulas to predict future project behavior or trends.

I've already covered earned value performance and variance analysis is its own technique, so we'll look at it next.

Project Management Made Easy

Project Management Made Easy

What you need to know aboutā€¦ Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook

Post a comment