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It is the GAP between the actual result and the expected result. What is it?

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Question ajoutée par Raafat Sallam , Organizational Development and Training Consultant , Training Centers, Marketing Organizations.
Date de publication: 2013/12/05
Rehan Qureshi
par Rehan Qureshi , Financial Consultant , Self Employeed

Variance analysis

Ahamed Shareef
par Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

Variance...Deviation

Utilisateur supprimé
par Utilisateur supprimé

A variance is the difference between an actual result and an expected result and it measured by Variance analysis which is the process by which the total difference between standard and actual results is analyzed.

 

Example:

The variable production overhead efficiency variance is the difference between the standard cost of the hours that should have been worked for the number of units actually produced, and the standard cost of the actual number of hours worked

Amir Iqbal
par Amir Iqbal , Debt Collection Officer , Averda Environmental Services LLC

Yes it is Called variance or Daviation... and to calculate this differece we use variance analysis.

Mohammad Tohamy Hussein Hussein
par Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Variance analysis. This is used to analyze differenced between planned outputs and actual aoutputs in any plans.

Gaps are also defined for the variation betwen product specifications and customer requirements.

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