Working With Forecast Variance Reports
The Forecast Variance Report tab in the Reporting and Analytics card includes these forms:
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Act vs Fcst Var and Comment
For more information, see Comparing the Actual and Forecast Variances.
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MoM Actual Var and Comment
For more information, see Reviewing Month-Over-Month Actual Variances.
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CurMo Act vs Fcst Var and Comment
For more information, see Comparing the Actual and Forecast Variances for the Last Closed Period.
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YTD Act vs Fcst Var and Comment
For more information, see Comparing the Year-to-Date Actual and Forecast Variances.
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FY Act vs Fcst Var and Comment
For more information, see Comparing the Full-Year Actual and Forecast Variances.
After reviewing trends in the OpEx and Revenue and Gross Margin dashboards, departmental budget owners use the Forecast Variance Reports to analyze monthly variances. They also add commentary on any significant variances in their forecast. They check month-over-month (MoM) variances and compare monthly, year-to-date, and full-year Actuals against the active Forecast and, if needed, against an archived Forecast.
Finance executives review significant variances by Subsidiary and Department and analyze the total forecast for all departments. They review the MoM commentary from departmental budget owners and follow up on any significant changes in the business. Finance executives can also add their own commentary to the Forecast Variance Reports.