Variance Analysis

Variance Analysis is a technique for determining the cause and degree of difference between the baseline and actual performance. See also cost variance (CV), schedule variance (SV), and variance at completion.

Definition

According to the PMI Lexicon of Project Management Terms,

Variance Analysis. A technique for determining the cause and degree of difference between the baseline and actual performance. See also cost variance (CV), schedule variance (SV), and variance at completion.