This white paper explains how explanation of variance (EOV) reporting helps organizations gain deeper insight into project performance. It outlines how comparing planned, actual, and forecasted results enables teams to identify root causes of cost and schedule variances. The document emphasizes that effective variance explanations go beyond reporting numbers by providing context, accountability, and corrective actions. It also highlights the role of standardized processes and integrated systems in improving accuracy and timeliness. EOV reporting is positioned as a critical tool for proactive decision-making, improved governance, and stronger project outcomes.

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