A Primer on Cost Variance Analysis

Published On:
December 13, 2019
Authored By:
APQC
Member Only Content:
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Cost variance analysis, an analysis of significant differences between budgeted and actual costs and the factors behind these differences, can provide some interesting insights about an organization’s budgeting and planning capabilities and into operational performance.

Read this article for a primer on how to conduct variance analysis, and some statistics regarding organizations' practices for variance analysis from APQC's Open Standards Benchmarking data in planning and management accounting.