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.
Here are some possibilities: 1  Changes in conditions: For example, a supplier may have raised prices, causing the companyâs costs to increase. 2  The quality of management: Special care to reduce costs can result in favorable variances. On the other hand, management carelessness can drive up unfavorable variances. Lousy budgeting: An unrealistically ambitious budget is likely to cause negative variances. Donât be fooled into thinking that favorable budget variances are always good news.