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COMMUNITY DEVELOPMENT333 Broadalbin Street SW, PO Box 490, Albany, Oregon 973210144 | BUILDING & PLANNING 5419177550Major Variance Checklist and Review CriteriaINFORMATION AND INSTRUCTIONS: See fee
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How to fill out major variance
How to fill out major variance
01
Identify the major variance between expected and actual results.
02
Determine the root cause of the major variance.
03
Develop a plan to address the major variance.
04
Implement the plan and monitor the progress.
05
Adjust the plan as needed to ensure the major variance is resolved.
Who needs major variance?
01
Organizations that want to understand and address significant discrepancies between budgeted or projected results and actual results typically require a major variance analysis.
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Executives, managers, and financial analysts may use major variance analysis to make informed decisions and take corrective actions to improve performance.
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What is major variance?
Major variance is a significant difference between planned and actual performance or results.
Who is required to file major variance?
Organizations or individuals who are subject to reporting requirements and have experienced major deviations from their planned performance.
How to fill out major variance?
Major variance can be filled out by providing detailed explanations and supporting documentation for the deviations from the planned performance.
What is the purpose of major variance?
The purpose of major variance is to identify and analyze significant differences between planned and actual performance in order to make informed decisions and take corrective actions.
What information must be reported on major variance?
Information such as the reason for the variance, impact on overall performance, actions taken to address the variance, and future steps to prevent similar deviations must be reported on major variance.
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