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Question of the Day #310

310.  Variance and trend analysis is the tool used for which of the following project risk management process?

1. Risk monitoring and control

2. Risk identification

3. Risk response planning

4. Quantitative risk analysis

Answer and Explanation to Yesterday's Question

Answer :
1. Strong matrix organization

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Question Explanation :

When a project requires cross-departmental execution, a matrix-based organization is the best choice. Additionally, because a project manager has the most resources and power in a strong matrix organization, "strong matrix organization" is the best answer.

Source of Answer : PMBOK Guide,3rd, pages : 28