SYSTEM AND METHOD FOR ANALYSIS OF PROJECT VARIANCES

Disclosed herein is a variance tracking report that provides a new and useful view of an enterprise's financial status. The variance tracking report may indicate variances from a planned work schedule and be used to explain any variances between projected and actual earnings as well as variances in project milestone dates. Further, the variance tracking report may show how current and past changes to the enterprise will impact future projections so the enterprise can give a clear indication of how any variances are being corrected. The plurality of views of the variance tracking report may also be analyzed in order to determine where variances are occurring on an enterprise level, a business unit level, an organization level, and a project level. Targeted action may then be taken on specific projects or enterprise methodologies in order to reduce and/or eliminate the variances.