Variance Summary Report by Department

The Variance Summary Report by Department actively tracks from the Korbel database. The report compares planned budget versus actual procured amounts. In the above example, about one-third of the project’s equipment has been procured. The Actual Committed dollars are 11.44% less than what was budgeted for the procured items. Post planned equipment changes in some departments show that there are wider variances at the departmental level, but these average out as a whole.