Postan explanation of the role of variance analysis in managerial decision making, to include the following:

Favorable and Unfavorable Variances

Describe an example from your professional career in which both highlyfavorableandunfavorablevariances occurred.

Stakeholders and Variances

Identify what stakeholders were most affected by these variances.

Variances and Management Decisions

Explain how understanding these variances could have helped you as a manager in this situation to make better decisions.

Reference and Citation