Question: In quantitative risk analysis, what does the term variance refer to? Question 34Answer a. The difference between the actual and planned project costs b. The

In quantitative risk analysis, what does the term "variance" refer to? Question 34Answer a. The difference between the actual and planned project costs b. The range of possible project outcomes c. The spread of risks across different project activities d. The difference between optimistic and pessimistic estimates of risks

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