variance-analysis

Decompose financial variances into price, volume, and mix drivers.

Updated Apr 16, 2026

Search Tags:#narrative #budget #forecast #waterfall #financial-analysis #variance #variance-analysis

Ready to run

npx skills add https://github.com/yethikrishna/humble --skill variance-analysis-yethikrishna

💬 Prompt for ChatGPT / Claude Chat▼

Please help me install this Agent Skill.
Skill: variance-analysis
Source: https://github.com/yethikrishna/humble/tree/main/core/kortix-master/opencode/skills/GENERAL-KNOWLEDGE-WORKER/variance-analysis
Command: npx skills add https://github.com/yethikrishna/humble --skill variance-analysis-yethikrishna

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Variance analysis helps finance teams understand why actual results diverged from budgets and forecasts, enabling transparent explanations and data-driven decisions.

Core Features & Use Cases

Decompose variances into price, volume, and mix effects across budget, forecast, and actuals.
Apply materiality thresholds and generate narratives for leadership reports.
Build and interpret waterfall charts and three-way comparisons to communicate performance drivers.

Quick Start

Provide your latest period's Actual, Budget, and Forecast data to generate drivers, narratives, and visuals.

Frequently Asked Questions about variance-analysis

High-intent search queries and answers about installing and using this skill.

FAQPage Schema

How do I decompose financial variances into price, volume, and mix effects?▼

To decompose financial variances, you need to analyze actual results against budgets and forecasts. This Skill breaks down revenue, COGS, headcount, and OpEx divergences into actionable price, volume, and mix drivers across periods.

What is the best way to generate narrative explanations for budget vs actual analysis?▼

Generating narratives for budget vs actual analysis requires applying materiality thresholds to significant divergences. This Skill automatically interprets financial variance drivers and generates text narratives suitable for leadership performance reports.

Can I use waterfall methodology for three-way financial comparisons?▼

Yes, waterfall methodology supports three-way financial comparisons effectively. This Skill helps you build and interpret waterfall charts to communicate performance drivers across budget, forecast, and actual data simultaneously.

How do I analyze year-over-year financial variances for OpEx and COGS?▼

Analyzing year-over-year financial variances involves comparing actual OpEx and COGS against prior periods. This Skill decomposes these operational expenses into actionable drivers, applying materiality thresholds to isolate significant performance shifts.

When do I need to apply materiality thresholds in variance analysis?▼

You need to apply materiality thresholds in variance analysis when filtering immaterial fluctuations from significant drivers. This ensures generated narratives and leadership reports focus only on financial divergences that require transparent explanations and data-driven decisions.