Variance

Variance Factor

Explanation

3.2

Bring Forward of work from 2009/10

Overspend due to early SRP1/1D production, wing condition assessment carried out during SRP2, early achievement of milestones (brought in from 2009/10). FOREX variation is due to adverse exchange rates. Lower parts and emergent work costs on SRP2 aircraft has reduced EOFY variance.

0.6

Commonwealth delays

1.7

FOREX Variation

5.5

Total Variance