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What is a variance threshold for costs or other indicators to indicate the agreed amount of variation allowed called?

This question is part of Full Length PMP Simulation Test 2
Asked by Agilep, Last updated: Jan 15, 2021

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4 Answers

F. Ray

F. Ray

F. Ray
F. Ray, Student, Kansas City

Answered Aug 29, 2018

Control threshold is often described as the limit of the project. For example, there might be a threshold in the finances that will be used for a certain project. This means that it can only reach up to that certain amount and the finances will not go beyond that anymore.

This may also refer to the quality of the product before it will be released to the public. There are times when the quality control is really bad and it can be the downfall of the company. Making sure that there is a threshold will at least allow some control over various factors that the company finds important.

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anetlemos

anetlemos

anetlemos
Anetlemos

Answered Mar 02, 2017

Control threshold. It must be under limits of the variance
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John Adney

John Adney

John Adney
John Adney

Answered Mar 02, 2017

Control threshold. It must be under limits of the variace
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John Smith

John Smith

John Smith
John Smith

Answered Dec 14, 2016

Control threshold

B - Control thresholds are variance thresholds for costs or other indicators such as person days and indicate the agreed amount of variation allowed.
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