Implement the Price-Volume-Mix variance analysis in your favorite tool
Variance analysis is one of the most fundamental and decisive tasks of every business analyst or FP&A professional. Every month you're expected to explain the sales or cost variances vs budget or the previous year in a meaningful and convincing way.
And it's not always easy.
The Price-Volume-Mix (PVM) variance analysis is an extremely helpful method for explaining variances that will add a lot of value to your dashboards and reports. It's an excellent tool that every analyst should add to his toolbox.
Luckily there are efficient ways how to implement it in both Power BI and Excel...