and profit on the decision-making process. The flow of events in variance analysis typically includes identifying the variance

Answer: Variance analysis is a powerful tool for project, and financial, management. It measures the differences (variances) between the expected and actual results of a project. It is a technique that provides comparisons between budget and actual costs, direct material used and actual material used, and planned and actual hours used. Knowing these differences helps …

Which Of The Following Is Not Part Of The Flow Of Events In Variance Analysis? Read More »