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Forums › ACCA Forums › ACCA PM Performance Management Forums › F5 useful mnemonics
Hey guys,
Can you please share any useful mnemonics that you use for F5 paper.
Hey
This may sound silly but I use this one for planning and operational variances:
If you remember “PO” then you can apply ROAR – which is:
REVISED – ORIGINAL (for Planning variances)
ACTUAL – REVISED (for Operational variances)
It may or may not help but for some reason that’s how I remember that one!
For VFM Audits
E – Economy – in
IE – Efficiency – out
IVE – Effectiveness- impacts
