When closing a project or phase, part of the process may require the use of which type of analysis?

Last Updated on March 26, 2022 by Admin 2

When closing a project or phase, part of the process may require the use of which type of analysis?

  • Reserve analysis
  • Regression analysis
  • Document analysis
  • Product analysis
Explanation:

Regression Analysis. An analytic technique where a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship.

4.4.2.2 Analytical Techniques
Analytical techniques are applied in project management to forecast potential outcomes based on possible variations of project or environmental variables and their relationships with other variables. Examples of analytical techniques used in projects are:
Regression analysis,
– Grouping methods,
– Causal analysis,
– Root cause analysis,
– Forecasting methods (e.g., time series, scenario building, simulation, etc.),
– Failure mode and effect analysis (FMEA),
– Fault tree analysis (FTA),
– Reserve analysis,
– Trend analysis,
– Earned value management, and
– Variance analysis.

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