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The budget variance report allows you to look at a project's initial estimates or plan time versus the actual time spent, shown to us in dollars. You can view this report by project, or by member. You can pick which projects you're viewing, decide if you would like to view spent versus project fee, spent versus project budget, spend versus plan time, or spent versus the member budget. Set a time frame you would like to display and choose to show or hide projects with no variance
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On the right-hand side, you will see a green or a red percentage displaying the project's overall performance. Green is an underestimate where the spent amount is below the planned amount; red is an overestimate, where the spent amount exceeds the planned amount. Expanding a project will allow you to see the variance for each individual phase.
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You can then expand even further on a phase to see each member of that phase and how they might have contributed to the variants themselves. When doing this report by member, you can select which members you would like to view by clicking on the members in the top left. You will then see two bars next to each member's name. The yellow bar is the plan dollars and the green bar is the spent dollars. Similar to when you're viewing this report by project, a green percentage is an underestimate and a red percentage is an overestimate. You can also expand a member's name to see how the members variance breaks down by project and by phase.
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