The variance, a measure of the dispersion of possible project outcomes, is one indicator of risk.

Name: The variance, a measure of the dispersion of possible project outcomes, is one indicator of risk.
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The variance is a measure of how spread out a set of data is. In project management, it can be used to assess the level of risk associated with a project. The higher the variance, the greater the potential range of outcomes, indicating higher risk.

The Variance, a Measure of the Dispersion of Possible Project