Tracking Budget Variance in Project Management
ProjectManager.com
MAY 9, 2024
Projects are planned, but those plans are rarely executed with changes. Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. We’ll define project variance below as well as what a budget variance analysis is. There’s a section explaining the importance of tracking budget variance in project management and different project aspects to consider when tracking budget variance.
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