One of the first questions a manager should consider when explaining a large variance is whether expectations were valid.

Question

Quizplus · Accepted Answer

Valid expectations are crucial for evaluating performance and identifying the reasons for a significant variance. If expectations were not realistic, then it could lead to inaccurate assessments of performance and incorrect decisions regarding corrective actions. Therefore, it is important for managers to set appropriate expectations and compare actual results with them to better understand the cause of the variance.

One of the First Questions a Manager Should Consider When