Refer to the Next Generation Fighter Capability Annual Update and the Independent Review: 2014 Department of National Defence Annual Update on Next Generation Fighter Capability Life Cycle Costs available at www.forces.gc.ca/en/about-reports-pubs/next-gen-fighter-independent-review-2014.page and answer the following questions.

Required 

A. Describe the Next Generation Fighter Capability: Life-Cycle Framework; include in your description the phases and an explanation of the phases (page 11/52 of the Annual Update is a good starting point). Explain why this approach is a life cycle approach.

B. Discuss the variance analysis between the years 2013 and 2014 that is presented in the Annual Update.

C. What are the risks and uncertainties in the proposed plan? Consider the risks in view of economic changes since the plan was proposed in 2012.

D. What was the conclusion of the independent review? What are the recommendations from the review team? 

E. How is this review similar to an audit? How is it different from an audit?