Estimate

Actual $m

Variance $m

Variance Factor

Explanation

FMS

Variations due to contractor achievement, cost savings with retirement of contingency and delays in finalisation of BAE (PRISM III) contract.

Overseas Industry

(0.5)

Local Industry

Brought Forward

(0.5)

Cost Savings

FOREX Variation

(0.3)

Commonwealth Delays

7.2

5.8

(1.3)

Total Variance