Data Analysis Techniques

Methods used to structure, examine, and judge data and information to draw conclusions and support decision-making.

Key Points

  • Turn raw project data into actionable insights for planning, monitoring, and controlling.
  • Applied to performance, quality, risk, and cost/schedule information.
  • Examples include trend and variance analysis, cost-benefit analysis, what-if analysis, root cause analysis, and earned value analysis.
  • Results inform forecasts, recommendations, and corrective or preventive actions.

Example

During cost control, the project manager performs earned value and variance analysis on monthly reports to detect overruns, forecasts the estimate at completion (EAC), and recommends corrective actions to realign the budget.

PMP Example Question

Which set of tools should a project manager use to interpret performance data and determine appropriate corrective actions?

  1. Data gathering techniques
  2. Data analysis techniques
  3. Data representation techniques
  4. Interpersonal and team skills

Correct Answer: B — Data analysis techniques

Explanation: Data analysis techniques organize, assess, and evaluate project data to derive conclusions and inform decisions, including corrective or preventive actions.

AI for Agile Project Managers and Scrum Masters

Become an AI-first leader and transform your agile practice by leveraging artificial intelligence as your most powerful co-pilot. This course is designed to help you drive efficiency, insight, and innovation, ensuring you stay at the forefront of a rapidly evolving project management landscape.

This isn't about replacing human intuition—it's about augmenting it. You'll master prompt engineering to automate mundane tasks, freeing up your time for high-impact strategic leadership and creative problem-solving. Learn to refine backlogs, create strategic roadmaps, and integrate AI seamlessly into your agile ceremonies.

Gain predictive power by using AI-driven insights to anticipate project risks and seize new opportunities for more reliable outcomes. We deliver practical, prompt-based workflows and proven strategies built around real-world agile challenges that you can implement immediately within your framework.

Master foundational AI concepts specifically relevant to Scrum environments while developing advanced skills to handle diverse agile scenarios. You will learn to champion an AI-enabled culture within your organization, fostering a dynamic environment of continuous improvement and superior team delivery.

Learn alongside professionals around the world working in project leadership and delivery.

Explore the Course


Launch your career!

HK School of Management offers training in project management, job-search strategies, and career growth. Practical skills, tools, and guidance you can apply right away. Covered by Udemy's 30-day refund policy.

Learn More