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The Major Projects Report 2010
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Book Synopsis The major projects report 2010 by : Great Britain: National Audit Office
Download or read book The major projects report 2010 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-10-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central departmental decisions by the Ministry of Defence to try to balance the defence budget have reduced its cash-flow requirements in the short-term but at a long-term cost that represents poor value for money for the taxpayer. Not making realistic budgetary provision for all likely project outcomes and slowing down projects has resulted in a £3.3 billion increase in a single year, 2009-10, in the total cost of the 15 largest defence equipment projects. For the second successive year the cost performance on the majority of projects has been broadly stable and the rate of timescale slippage has also reduced significantly since last year and 98 per cent of Key Performance Indicators are expected to be met. The MOD did not make realistic budgetary provision for all potential costs, for example, on the Typhoon combat aircraft where the Department decided that it needed to spend £2.7 billion on the programme including the purchase of 16 additional aircraft to meet contractual agreements. It has slowed down projects such as the Queen Elizabeth Class aircraft carriers, leading to further project cost growth of £650 million. And, to address cost overruns, the Department has also reduced the number of items, and therefore capability, to be procured. The MOD recently undertook to report annually to Parliament on the affordability of its ten-year equipment plan, which should help deter the corporate practices which have adverse value for money implications.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215556530 Total Pages :48 pages Book Rating :4.5/5 (565 download)
Book Synopsis The major projects report 2010 by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book The major projects report 2010 written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-02-22 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the Ministry of Defence's progress in meeting cost, time and performance targets for its 15 top-spending military equipment projects. The Committee has reported before that the defence equipment programme is unaffordable with commitments exceeding forecast budgets over a ten year period by £36 billion. The MoD's short term decisions to keep in year expenditure within voted limits and the need to understand the full cost implications of these decisions have damaging consequences. In this year alone the cost of the major projects rose by £3.3 billion and nearly £5 billion was lost by late cancellations. The scale of problems created by this financial imbalance masks the improved performance of the majority of projects against cost and budget. The Strategic Defence and Security Review (SDSR) offered the Department an opportunity to bring its plans into balance with the expenditure limits set in the Comprehensive Spending Review. Projects such as the Nimrod MRA4 and Sentinel aircraft have been cancelled, accepting greater operational risks in some areas and writing off nearly £5 billion of taxpayer's money. But implementing the SDSR will require further decisions and the renegotiation or cancellation of a significant number of existing contracts to make the programme affordable. The Department has a poor track record in taking such decisions on the well informed basis necessary to optimise value for money. Other projects examined in detail include the Queen Elizabeth Class aircraft carriers and the Typhoon aircraft.
Book Synopsis The major projects report 2011 by : Great Britain: National Audit Office
Download or read book The major projects report 2011 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2011-11-16 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a companion volume to the main report (HC 1520-I, ISBN 9780102976786)
Book Synopsis The Major Projects Report 2012 by : Great Britain: National Audit Office
Download or read book The Major Projects Report 2012 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2013-01-10 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: In respect of its largest defence projects there are early signs that the Ministry of Defence has begun to make realistic trade-offs between cost, time, technical requirements and the amount of equipment to be purchased. Nevertheless, the continuing variances to cost and time show the MOD needs to do consistently better. This report, which gives a progress review of the 16 largest defence projects, shows that in the last year there has been a total forecast slippage of 139 months and increase in costs of £468 million. This means that, since the projects were approved, costs have increased by £6.6 billion (around 12 per cent more than the planned cost) and the projects have been delayed by 468 months, taking almost a third longer than originally expected. It would be unrealistic to expect MOD and industry to identify every risk at the start of technically challenging projects. However, the continuing problems indicate that MOD has more to learn from historic. The MOD is accepting the capability risk and some wider costs resulting from these project delays and is having to make difficult decisions about long-term capabilities. The MOD has made a significant investment in new and upgraded helicopters to address the shortfall identified in the NAO's 2004 report. The MOD has also spent £787 million on air transport and air-to-air refuelling aircraft to support current operations and address capability gaps, such as those caused by the previously reported delays to the A400M transport aircraft. However, capability gaps remain
Book Synopsis The major projects report 2010 by : Great Britain: National Audit Office
Download or read book The major projects report 2010 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-10-15 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a companion volume to the main report (HC 489-I, ISBN 9780102965506)
Book Synopsis The Major Projects Report 2009 by : Great Britain. National Audit Office
Download or read book The Major Projects Report 2009 written by Great Britain. National Audit Office and published by The Stationery Office. This book was released on 2009 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a companion volume to the main report (HCP 85-I, ISBN 9780102963342)
Book Synopsis Major Projects Report 2008 by : Great Britain. National Audit Office
Download or read book Major Projects Report 2008 written by Great Britain. National Audit Office and published by The Stationery Office. This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Major Projects Report 2007 covers cost, time and performance data for military equipment projects in the year ended 31 March 2008. 20 of the largest projects are examined where the main investment decision has been taken by the Ministry of Defence (the MoD) along with ten projects still in the Assessment Phase. Six projects are new to this report: future lynx; modernised target acquisition designation sight/pilots night vision sensor; naval extrememly high frequency/super high frequency satellite communication terminals; Typhoon future capability programme; advanced jet trainer project and project Eagle
Book Synopsis Major projects report 2007 by : Great Britain: National Audit Office
Download or read book Major projects report 2007 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2007-11-30 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Major Projects Report 2007 covers cost, time and performance data for military equipment projects in the year ended 31 March 2007. 20 of the largest projects are examined where the main investment decision has been taken by the Ministry of Defence (the MoD), along with ten projects still in the Assessment Phase. Overall the MoD is in a similar position to 2006 for forecast cost and performance, but there continue to be time delays. The current total forecast cost for the 20 largest projects is £28 billion, which is £2.5 billion over the 'most likely' budget when the main investment decision was taken. The MoD expects ten projects to deliver within their most likely budgeted cost. Most of this cost growth occurred in earlier years but, on two projects, the Type 45 Destroyer (£354 million) and the Astute Class Submarine (£142 million), there has been significant cost growth in-year. The MoD has now agreed revised contracts on both of these projects to incentivise industry to reduce costs. The MoD was again pro-active in limiting potential in-year cost increases on individual projects through reassessing requirements, reducing quantities of equipments and re-allocating expenditure to other projects or budget lines. Five projects were delayed by a total of an extra 38 months this year. Of these, the most significant were the Type 45 Destroyer which has been delayed by a further 11 months and the Terrier and Next Generation Light Anti-Armour Weapon projects have each been delayed by a further 12 months. Detailed Summary Sheets for each of the 30 Projects are in Volume 2 (HCP 98-II, ISBN 9780102951493). There have been significant developments of interest on a project that appeared in the Major Projects Report until 2002-03, the Landing Ship Dock (Auxiliary) project, and detailed findings are given in Volume 3 (HCP 98-III, ISBN 9780102951509).
Book Synopsis Minerals Yearbook, Volume III: Area Reports: International: Asia and the Pacific by : Geological Survey (U S )
Download or read book Minerals Yearbook, Volume III: Area Reports: International: Asia and the Pacific written by Geological Survey (U S ) and published by Government Printing Office. This book was released on 2011-10 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Minerals Yearbook is an annual publication that reviews the mineral and material industries of the United States and foreign countries. The Yearbook contains statistical data on materials and minerals and includes information on economic and technical trends and development. The Minerals Yearbook includes chapters on approximately 90 commodities and over 175 countries. This volume of the Minerals Yearbook provides an annual review of mineral production and trade and of mineral-related government and industry developments in more than 175 foreign countries. Each report includes sections on government policies and programs, environmental issues, trade and production data, industry structure and ownership, commodity sector developments, infrastructure, and a summary outlook.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215559760 Total Pages :44 pages Book Rating :4.5/5 (597 download)
Book Synopsis The Impact of the 2007-08 Changes to Public Service Pensions by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book The Impact of the 2007-08 Changes to Public Service Pensions written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-05-26 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007-08, new pension schemes were introduced for civil servants, NHS staff and teachers, designed to make public service pensions affordable. The changes are likely to reduce costs to taxpayers of the pension schemes by £67 billion over 50 years, with costs stabilising at around 1% of Gross Domestic Product (GDP) or 2% of public expenditure. The Committee is concerned that the Treasury did not test the potential impact of changes in some of the key assumptions underpinning the long-term cost projections. In addition, the Treasury has not tested whether reducing the value of pensions would affect the public sector's ability to recruit and retain high quality staff. Three-fifths of the savings to the taxpayer were expected to come from the cost sharing and capping mechanism - a transfer, from employers to employees, of extra costs that arise if pensioners live longer than previously expected. Employees would potentially pay 70% more for their pensions over the next 50 years if life expectancy continues to increase more than expected. Implementation remains on hold while the Government decides how to respond to the Independent Public Service Pensions Commission (the Hutton Commission). Public service employees do not have a clear understanding of the value of their pensions because they are not provided with clear and intelligible information to enable them to make rational decisions. Further changes to public service pensions are expected as Hutton's recommendations are implemented, but this should bring a period of stability and certainty for long-term public service pensions policy.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215042804 Total Pages :40 pages Book Rating :4.0/5 (428 download)
Book Synopsis The BBC's efficiency programme by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book The BBC's efficiency programme written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-03-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: BBC's efficiency Programme : Seventy-third report of session 2010-12, report, together with formal minutes, oral and written Evidence
Book Synopsis Major Projects Report 2005 by : Great Britain: National Audit Office
Download or read book Major Projects Report 2005 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2005-11-25 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This particular publication is published alongside a second volume containing the project summary sheets (HCP 595-II ISBN 0102936439). This NAO report represents the 14th such report into the MoD's procurement of defence equipment. The report examines cost, time and performance data for projects in the year ended 31 March 2005. In total 30 defence equipment projects were examined. Part 1 of this report presents the overall performance of these projects and the progress in implementing Smart Acquisition; Part 2 examines the assessment phase in more detail. The NAO proposes a number of recommendations, among them are: that the cost-effective and timely delivery of mission critical equipments need to be fully recognized when the main investment decision is made; that the Department should clarify what is required to demonstrate the maturity of different types of project, including a clear statement of required best practice along with the consideration of risk and cost and time estimates that are appropriate to the individual projects undertaken.
Download or read book Defence Materiel Organisation written by and published by . This book was released on 2011 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215041661 Total Pages :56 pages Book Rating :4.0/5 (416 download)
Book Synopsis Ministry of Defence by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Ministry of Defence written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-02-10 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ministry of Defence (the Department) continues to struggle with managing its equipment programme on an affordable basis, resulting in the cancellation or deferral of major projects and a damaging impact on value for money. In 2010-11 the forecast costs to complete the 15 largest defence projects increased by £466 million. Since their original approvals the estimated costs of these 15 projects have increased by £6.1 billion and now stand at approximately £60 billion (an 11.4% increase). In aggregate these 15 projects are forecast to be completed 322 months later than originally planned. Projects approved since 2002 show significantly lower cost growth than those approved before this date, which is encouraging. Now the Department faces unpalatable decisions. Decisions to cancel or slow projects and to reduce equipment numbers have added significant long-term costs to the whole defence programme and to unit costs within the programme. Capability has been affected and this has all resulted in poor value for money. Large defence equipment projects have contributed disproportionately to overall cost growth. In the past, the Department has repeatedly failed to challenge unrealistically low estimates for the largest and most complex equipment projects from suppliers. The Department is still unable to set out openly the extent of the gap between income and expenditure it still faces, and how and by when any shortfall will be resolved. The report notes little progress in reducing the turnover of the Senior Responsible Owners (SROs), who oversee individual projects.
Book Synopsis Space Studies Board Annual Report 2010 by : National Research Council
Download or read book Space Studies Board Annual Report 2010 written by National Research Council and published by National Academies Press. This book was released on 2011-01-01 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Space Studies Board (SSB) was established in 1958 to serve as the focus of the interests and responsibilities in space research for the National Academies. The SSB provides an independent, authoritative forum for information and advice on all aspects of space science and applications, and it serves as the focal point within the National Academies for activities on space research. It oversees advisory studies and program assessments, facilitates international research coordination, and promotes communications on space science and science policy between the research community, the federal government, and the interested public. The SSB also serves as the U.S. National Committee for the International Council for Science Committee on Space Research (COSPAR). This volume reviews the organization, activities, and reports of the SSB for the year 2010.
Book Synopsis ECRM2014-Proceedings of the 13th European Conference on Research Methodology for Business and Management Studies by : Dr Martin Rich
Download or read book ECRM2014-Proceedings of the 13th European Conference on Research Methodology for Business and Management Studies written by Dr Martin Rich and published by Academic Conferences Limited. This book was released on 2014-06-16 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis World Development Report 2010 by : World Bank
Download or read book World Development Report 2010 written by World Bank and published by World Bank Publications. This book was released on 2009-11-06 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the crowded field of climate change reports, 'WDR 2010' uniquely: emphasizes development; takes an integrated look at adaptation and mitigation; highlights opportunities in the changing competitive landscape; and proposes policy solutions grounded in analytic work and in the context of the political economy of reform.
