Budgeting · The variance record · Element
The response
What is being done, including deciding to do nothing.
The part
What it is
Most variances need no action, and saying so explicitly is what keeps attention on the ones that do.
Where a variance is permanent, the forecast should change even though the budget does not.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.