"The difference of revenues, costs, and profit from the planned amounts. One of the most important phases of responsibility accounting is establishing standards in costs, revenues, and profit and establishing performance by comparing actual amounts with the standard amounts. The differences (variances) are calculated for each responsibility center, analyzed, and unfavorable variances are investigated for possible remedial action." (Jae K Shim & Joel G Siegel, "Budgeting Basics and Beyond", 2008)
"A quantifiable deviation, departure, or divergence away from a known baseline or expected value. " (Cynthia Stackpole, "PMP® Certification All-in-One For Dummies®", 2011)
"The difference between the baseline and estimated dates, work, or cost in a project." (Bonnie Biafore, "Successful Project Management: Applying Best Practices and Real-World Techniques with Microsoft® Project", 2011)
"The difference between planned or baseline schedule or cost data and the actual schedule or cost data." (Bonnie Biafore & Teresa Stover, "Your Project Management Coach: Best Practices for Managing Projects in the Real World", 2012)
"Deviation or difference between an estimated value and the actual value." (Tom Klammer, "Statement of Cash Flows: Preparation, Presentation, and Use", 2018)
"The difference between a planned value and the actual measured value" (ITIL)
No comments:
Post a Comment