Variance Analysis Reporting provides key performance metrics that reflect how a project is performing against defined criteria for a given reporting period (status date).
For government contracting projects that require Earned Value Management (EVM), Variance Analysis and Reporting is a critical component, helping stakeholders understand cost and schedule deviations, and provide supporting narratives where necessary to explain the results.
This functionality is now available in Cora PPM through the following features:
- A new Admin page where a user can configure and define the Variance tests they want ran against the data for the reporting period, along with acceptable and non-acceptable thresholds for results.
- A new Project Page that displays the results of the Variance tests once they have been executed against project data for the reporting period.
Variance Tests will be run against either Work Package(s) or Control Account(s). The level will be determined per the Control Object level that is set in Project Properties.
For each variance test result, a user can open the record and provide any additional information required to explain the result.
Variance tests will automatically run when EV Period Data is generated through the EAC Analysis page.
This enhancement ensures standardised, automated variance reporting aligned with EVM requirements, improving transparency, accountability, and audit-readiness for government contracting projects.
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