2.5 End of Financial Year Total Project Expenditure Variance Attribution

Variance

Variance Factor

Explanation

(45.0)

FMS

FMS under spend represents, in part, some cost savings on the program. Local industry overspend relates to procurements and placement of contracts earlier than anticipated in the budget. These variations to budget are not related to work brought forward from 2009-10.

(9.0)

Commonwealth delay

94.1

Local industry

40.1

Total Variance