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Your organisation's knowledge and information system is programmed to alert staff if there is any variance to a given value.

Your organisation's knowledge and information system is programmed to alert staff if there is any variance to a given value. Lately, the expenditure of wages has a variance of $2,000 on the projected amount which is considered significant. The system draws attention to the fact that wages were overspent last month.  In the same period, management authorised overtime to a team working on an important project. Explain how you would identify, define, and analyse the above business problem or issue.

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