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Which analyses are commonly employed in project evaluation and management?

a) Alternatives analysis
b) Earned Value analysis
c) Root cause analysis
d) Trend analysis

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User HixField
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1 Answer

5 votes

Final answer:

Common analyses in project management include Alternatives Analysis, Earned Value Analysis, Root Cause Analysis, and Trend Analysis. Trend Analysis specifically uses analytical intelligence to study patterns in data, akin to analytical modeling in ecosystem studies.

Step-by-step explanation:

The analyses commonly employed in project evaluation and management include the following:

  • Alternatives Analysis - This analysis involves comparing different options to determine the best course of action for a project.
  • Earned Value Analysis (EVA) - EVA is a method used to measure project performance against the project plan, providing a snapshot of project health.
  • Root Cause Analysis - As defined, this analysis focuses on identifying the underlying cause of a problem, ensuring that solutions address the actual source rather than just the symptoms.
  • Trend Analysis - This involves examining data over time to identify patterns or trends that may impact project performance.

When examining data for trends, you are primarily using analytical intelligence. This involves the application of mathematical equations, which is similar to analytical modeling in ecosystem modeling.

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User Janmenjaya
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