Variance Analysis Report Template
Identify, explain, and address the differences between your project’s planned and actual performance.
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
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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
Frequently Asked Questions
What is a variance analysis report template used for?
A variance analysis report template gives project managers a ready-made, pre-formatted structure to capture and track the variance analysis report without building a spreadsheet from scratch. It standardises the format across projects and saves setup time.
Is this variance analysis report template free to download?
Yes. You can download this variance analysis report template for free from PM Study Guide. It is provided in Excel format and is fully editable so you can adapt the columns and formulas to your own project.
Can I edit the variance analysis report template in Excel or Google Sheets?
Yes. The template is supplied as an Excel (.xlsx) file, which opens directly in Microsoft Excel and can also be imported into Google Sheets. Every field, column, and formula can be customised.
