Techincal question about IT
1
vote
Hello there, I need some help with a technical question about IT.
"A variance envelope has been established on a project"
In the above sentence, what does "a variance envelope" mean?
Thank you in advance
Greetings.
828 views
updated Apr 29, 2016
posted by 007e54d7
1 Answer
1
vote
I don't think that this is a question about IT. I think it's a question about management of any project (IT, construction, whatever). I believe that what I'm about to type is correct, but please don't bet your life on it.
When estimates are made (such as cost estimates), the percentage by which the actual result is permitted to vary from the estimate can also be specified. For example, the permitted variance in cost might be specified as no more than 5% below or 10% above the estimate. This is the variance envelope.
updated Apr 29, 2016
edited by jtaniel
posted by jtaniel
Gracias, gracias! - 007e54d7, Apr 28, 2016
