A budget variance is a signal to investigate further. To understand it, it is necessary to check the perimeter of the forecast, the costs recorded and the events that changed the maintenance program.
Maintenance budget
- Check period, cost center and budget perimeter.
- Check planned values and approved versions if expected.
- Compare the data with the available final reports.
- Write down your assumptions before communicating a prediction.
Budget approval and variances
- Check the budget version and the approved scope.
- Compare budgets, commitments and final accounts according to available data.
- Identify significant deviations and documented possible causes.
- Prepare a comment that separates certain data, hypotheses and proposed actions.
Putting this into practice
When reviewing the period, keep the same set of assets and economic items. If a difference emerges, connect it to the jobs and decisions that produced it.
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