Variance Calculation

The parameters which control how variances on orders and cost and cost object hierarchies are defined under this menu option.

When variances are calculated, the target costs for the object (order, cost object ID) are calculated and compared with the costs actually incurred. Variances calculated in this way are put into variance categories and can be written to the object and analyzed in reporting.

The structure of the menu allows you to define the parameters for each application.

In both cases, you define

You can store variance percentage rates for specific cost elements. If you do this, when primary costs are posted, not only the costs but also the price variances are written.

You also have to define number ranges for the target costs and variances to be calculated.

Note

To calculate work in process , you have to define a results analysis version and a results analysis key. (See the Results Analysis section).

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