2.4  In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

 

 

 

FMS

The Project's budget has underspent by a reduction in work scope, which was necessary to maximise class-wide sub-project implementation activities throughout project life.

 

 

 

 

 

Overseas Industry

 

 

 

 

 

 

(1.7)

Local Industry

 

 

 

 

 

 

 

Brought Forward

 

 

 

 

 

 

 

Cost Savings

 

 

 

 

 

 

 

FOREX Variation

 

 

 

 

 

 

 

Commonwealth Delays

 

 

26.0

24.3

(1.7)

Total Variance