Cost Variance Analysis

The Cost Variance Analysis SuiteApp analyzes the variances during the execution of work orders. These variances are associated with quantity and cost between the planned values for the work order and the actual values recorded against the work order.

This SuiteApp also enables you to do the following:

• Measure the performance of work orders and be able to work toward preventing cost overruns.

• Provide visibility to review work order cost variances at component and operation level. Review the work order including work order, cost type and cost category, with access to detailed information up to the transaction level.

You can access the SuiteApp from two places:

• Go to Reports > Cost Accounting > Cost Variance Analysis.

• Click on the Cost Variance Analysis button in a work order record.

  The Cost Variance Analysis button will be visible in the work order record if:

  • The status of the work order is not Planned or Released.

  • The work order contains actual production start date.

  • The work order is in view mode.

  • The work order is not outsourced.

Note:

For work orders that involve standard cost items, the cost analysis is NOT supported.

General Notices