IT Finance - Labor Details - Budget Variance - 13-month Trend report (v103)

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Applies to: Costing Standard 11.8.x running on either TBM Studio v12 or TBM Studio v11.

Introduction

This report shows the budget variance by month for the past 13 months.

Navigation

IT Finance > Labor > Trend View

Roles

This report is designed for:

  • IT Finance personnel
  • Cost Center Owner

Objectives

Use this report to:

  • View the labor budget variance by month for the past 13 months using the chart.
  • Review the budget variance and percent variance by month data using the data table.

Questions answered

You can use the information presented on this report to answer the following questions:

  • How is my labor variance fluctuating over time?
  • Is the variance trending up, down, or remaining near zero?
  • Is my labor spend tracking to the planned budget or am I seeing over/under spikes in the budget variance?
  • Is action required to mitigate budget risk?

Next actions

  • View account transactions for the current or previous months (from the Labor Details report).
  • Investigate Staffing and Rates (from the Labor Details report).