Who should be responsible for correcting a negative variance?

The responsibility for correcting a negative variance typically falls on the management team, specifically those overseeing the budget and financial performance, such as finance managers or department heads. They should analyze the causes of the variance and implement corrective measures. Additionally, team members involved in the relevant operations should also play a role by adjusting their processes to align with budgetary goals. Ultimately, it requires a collaborative effort to effectively address and resolve negative variances.