Production Schedule Adherence

Measures the difference between budgeted and actual financial performance.

What it Measures ?

Are we spending or earning more or less than planned?

Relevant StakeHolders 

Finance Analyst, Department Heads

Why it Matters ?

Monitors budget deviations.

In-depth Use Case / Real-world Example

Budget Variance Analysis compares the planned financial budget to actual results. For example, if a company budgeted ₹500,000 in expenses but spent ₹550,000, the variance would be ₹50,000. This analysis helps identify areas where a company is over or under-spending and informs future budgeting decisions.