In project management terms, a variance is the difference between the anticipated state of the project and the actual state at a particular point in time. At the beginning of the project, when the planned schedule, budget, scope, etc. have just been calculated,...
Read MoreIntroduction In our last post, we introduced the basics of variances and demonstrated how to isolate for unfavorable Work Variances. It is equally important, however, to analyze how your dates are progressing. If Baseline Work is 1,000 hours, Actual...
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