Variance Analysis Report Template (Excel)

Variance Analysis Report Template

Identify, explain, and address the differences between your project’s planned and actual performance.

File Format

Excel (.xlsx)

What is Variance Analysis?

Variance Analysis is the process of identifying and explaining the differences between planned and actual project performance. It focuses on schedule and cost variances and helps project managers to understand the root causes of performance issues.

Key Components of this Template


  • Schedule Variance (SV) and Cost Variance (CV)

  • Root Cause Analysis of Variances

  • Impact Assessment on Project Objectives

  • Corrective and Preventive Actions

How to Use the Template

Calculate the schedule and cost variances for the current period. Investigate the reasons for any significant variances and document the root causes. Evaluate the impact of the variances on the project’s overall success and develop a plan to bring the project back on track.

Professional Design

Clean, grid-based layout optimized for both digital use and printing. Designed by industry experts.

Ready to Use

Pre-formatted with essential columns and formulas. Just fill in your project data.

Fully Customizable

Unlock and edit any part of the template to fit your specific project needs.

Branded & Unique

Exclusively created for PM Study Guide with professional branding and structure.

This template was uniquely crafted and optimized for PM Study Guide.
Prepare by: Parag Pal