Analyze Variance Between Budget Snapshots (Beta)

To learn about the Analyze Variance feature in the Budget tool.

If you maintain a project's budget in Procore, you can record how your budget changes over time with the snapshot feature. You might want to create a snapshot at the end of each month, after you update your budget.

Every project team needs to know what is changing month-over-month, so that risk can be identified and mitigated. With the Analyze Variance feature in the Budget, you can compare snapshots directly to each other, or to your Current Budget, to identify variance down to the most granular, line-item level. This allows project teams to quickly and easily identify where things are shifting on the project, directly in the Budget, without the need for side spreadsheets.

• Required User Permissions:

  • To create a snapshot, 'Standard' level permissions or higher on the Project level Budget tool.

  • To view all snapshots created in a project, 'Read Only' level permissions or higher on the Project level Budget tool.

• Create a Budget Snapshot

Analyze Line Item Variance on the Budget Tab

This action analyzes variance by comparing a snapshot with the active budget.

1. Navigate to the project's Budget tool.

2. Click the Budget tab and select a standard or custom budget view from the View menu.

3. Click Analyze Variance.
   This opens the Select Comparison Columns to Analyze Variance window.

4. From the Comparison Snapshot menu, select the snapshot to compare it with your budget data.

5. Under Columns to Display, choose one (1) option:

   • Comparison Column and Variance Column. Shows both values.

   • Comparison Column Only. Shows the value from the comparison snapshot.

   • Variance Column Only. Shows the variance between the comparison snapshot and active budget.

6. Under Comparison Columns, mark one or more checkboxes to select the columns to analyze for variance.
   
   
   

7. Click Save.
   Procore analyzes the current budget and snapshot for variance.

Analyze Aggregate Variance Between Snapshots on the Project Status Snapshots Tab

This action analyzes the aggregate variance between two snapshots.

1. Navigate to the project's Budget tool.

2. Click the Project Status Snapshots tab and select a standard or custom budget view from the View menu.

3. Click the snapshot Name to open it.

4. On a column where it's available, click the Variance icon.
   This expands the column to show the Current, Previous, and the Variance between the two snapshots.

   Example

   This example shows the Current, Previous, and Variance columns that appear when you click the Variance icon on a column.