Analyze Variance Between Snapshots in the Project Status Snapshots Tool (Beta)

Analyzing variance between project status snapshots lets team members track financial fluctuations across specified reporting cycles. By comparing primary periods against reference periods, you can expand individual budget columns to view side-by-side breakdowns and calculated differences, allowing for period-over-period financial tracking across your organization's projects.

• Required User Permissions:

  • 'Standard' level permissions or higher for the Company level Project Status Snapshot tool.

• Additional Information:

  • Budget Columns:

    • You can expand specific financial columns to view a side-by-side breakdown of the primary period, comparison period, and the calculated variance.

  • Empty Results:

    • If you select both primary and comparison periods but see no results, it means your company does not have any project status snapshots for that specific budget view and period.

  • Closed Periods:

    • You can compare project status snapshots by closed periods.

• Create a Snapshot from the Budget Tab

1. Navigate to the Company level Project Status Snapshots tool.

2. Select a standard or custom budget view from the View drop-down list.

3. Click the Period drop-down list and select the primary period you want to review.
   

   Note

   • You can choose from options such as Current, Last Period, None, or specific financial periods.

   • By default, the Current period is selected.

4. Click the Comparison Period drop-down list and select the period you want to compare against the primary period(s).
   

   Note

   • You can choose from options such as Current, Previous, or specific financial periods.

   • If you select the Previous option from the Comparison Period drop-down list, the prior period is automatically selected based on the period currently chosen in the Period drop-down list.

   • By default, the Previous period is selected.

5. To view the variance for a specific budget column, hover over the column header and click the Analyze Variance icon.
   The column will expand to show sub-columns with values for the primary period, the comparison period, and the total Variance between them.