Archives of Directives

Variance

A measurable change from a known standard or baseline. It is the difference between what is expected and what is actually accomplished. A variance is a deviation or departure from the approved scope, cost or schedule performance. Variances must be tracked and reported. They…
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Definition 1

A measurable change from a known standard or baseline. It is the difference between what is expected and what is actually accomplished. A variance is a deviation or departure from the approved scope, cost or schedule performance. Variances must be tracked and reported. They should not be eliminated, but mitigated through corrective actions. Baseline changes, if needed, are submitted for changes in technical scope, funding or directed changes.

CategoriesAdministration, Safety
Term OPIAU - Office of Environment, Health, Safety and Security, PM - Office of Project Management Oversight and Assessments
Definition typeDefinition
RelatedSources

Source 1:

DOE O 413.3B Chg 7 (LtdChg), Program and Project Management for the Acquisition of Capital Assets
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