From advanced nursing classes to courses in child development, the curriculum includes an array of both classroom-based and experiential courses that will provide the necessary knowledge and skills for working in pediatrics.
The Project Management Institute, however, endorses the accepted convention that a negative variance is a bad thing, and a positive variance a good thing. A variance is the difference between the projected budget and the actual performance for a particular account. A negative variance means that the budgeted amount was greater than the actual amount spent. A positive variance means that the budgeted amount was less than the actual amount spent. Note there is some debate over whether a negative variance means an underrun or an overrun.
Favorable Variance. A difference between actual cost and budgeted (standard) cost, and the actual cost is the lesser amount. In revenues, it occurs when the actual revenues are greated than budgeted revenues (a variance is favorable when the bottom line net income is increased by variance).ate Variance. Difference between the cost of specific number of budgeted units and the actual cost that was incurred. (Actual units x actual costs) - (actual units x standard costs).