Tracking and managing budget variances is crucial to effective financial management in any project, including implementing the

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Tracking and managing budget variances is crucial to effective financial management in any project, including implementing the Health Information Portability (HIP) initiative. Budget variances occur when there are differences between the planned or budgeted amounts and the actual expenditures. This involves consistently reviewing financial reports and comparing them to the planned budget at predefined intervals, such as monthly. When budget variances exceed predefined tolerances, conduct a thoro