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2012 13 Major Projects Report
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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
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :021507579X Total Pages :24 pages Book Rating :4.2/5 (15 download)
Book Synopsis HC 147 - Major Projects Authority by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book HC 147 - Major Projects Authority written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2014-08-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The work of the Major Projects Authority is supported but without stronger powers it is unlikely to achieve its aim of a systemic improvement in project delivery across government. The projects in the MPA's portfolio represent a huge and rising cost to the taxpayer. The MPA, however, only has informal influence over departments. It has no powers if a department decides to proceed with a project against MPA advice. It needs to have stronger, more formal mechanisms for driving change, and there should be transparency where ministers or officials have rejected its recommendations. The MPA also needs to focus its efforts more on the early stages of a project, working with departments to ensure that they have devoted sufficient attention to the concept, design and business case for projects before seeking approval. It could also improve its impact by prioritising its work more effectively. The creation of the Major Projects Leadership Academy is welcomed, but the MPA needs to target top decision-makers as well as managers. Nobody in central government is responsible for overseeing projects at a strategic whole-of-government level. The Treasury should take ownership and responsibility for overseeing the government portfolio. The MPA should also publish more information on each project, including the amount spent to date, even if this means reviewing the Government's transparency policy. There is also particular concern that the decision to award a 'reset' rating to the Universal Credit project may have been an attempt to keep information secret and prevent scrutiny
Book Synopsis Major Projects Authority annual report 2012-13 and government project assurance by : Great Britain: National Audit Office
Download or read book Major Projects Authority annual report 2012-13 and government project assurance written by Great Britain: National Audit Office and published by Stationery Office. This book was released on 2014-02-04 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This memorandum updates the Public Accounts Committee on the status of the projects in the Government Major Projects Portfolio. It is also intended to help the Committee assess how far the published information improves transparency; and provides an update on progress by the Major Projects Authority in responding to the Committee's wider recommendations
Book Synopsis 2012-13 Major Projects Report by : Australian National Audit Office
Download or read book 2012-13 Major Projects Report written by Australian National Audit Office and published by . This book was released on 2013 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this report is to provide the Auditor-General's independent assurance over the status of selected Major Projects, as reflected in the Project Data Summary Sheets (PDSSs) prepared by the Defence Materiel Organisation (DMO), and the Statement by the Chief Executive Officer (CEO) DMO. Assurance from the Australian National Audit Office's review of the preparation of the PDSSs by the DMO is conveyed in the Auditor-General's Independent Review Report, prepared pursuant to the endorsed Guidelines.
Book Synopsis Research Handbook on the Arms Trade by : Andrew T.H. Tan
Download or read book Research Handbook on the Arms Trade written by Andrew T.H. Tan and published by Edward Elgar Publishing. This book was released on 2020-12-25 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Research Handbook examines the key drivers of the arms trade, mapping the main trends in Asia, Europe, the Middle East, Africa and Latin America. It also explores the principal defence markets internationally, including the US, China, India, Russia and the UK in greater detail.
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 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 TERI Energy Data Directory & Yearbook (TEDDY) 2012/13 by : Teri
Download or read book TERI Energy Data Directory & Yearbook (TEDDY) 2012/13 written by Teri and published by The Energy and Resources Institute (TERI). This book was released on 2013-01-01 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: TERI Energy Data Directory Yearbook, or TEDDY, is an annual publication brought out by TERI since 1986. TEDDY is often used as a reference in other peer-reviewed books and journals for energy and environment-related data. It gives an annual overview of the developments in the energy supplying and consuming sectors as well as the environment sector. It also provides a review of the government policies that have implications for these sectors of the Indian economy. TERI Energy Data Directory Yearbook, or TEDDY, is an annual publication brought out by TERI since 1986. TEDDY is often used as a reference in other peer-reviewed books and journals for energy and environment-related data. It gives an annual overview of the developments in the energy supplying and consuming sectors as well as the environment sector. It also provides a review of the government policies that have implications for these sectors of the Indian economy. Each edition of TEDDY contains India’s commercial energy balances for the past four years that provide comprehensive information on energy flows within different sectors of the economy and how they have been changing over time. These energy balances and conversion factors are a valuable ready reckoner for anybody working on energy and related sectors.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :Stationery Office ISBN 13 :9780215057419 Total Pages :40 pages Book Rating :4.0/5 (574 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 Stationery Office. This book was released on 2013-05-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ministry of Defence has now reported on the affordability of its ten-year forward plan to purchase and support military equipment (the Equipment Plan) totalling some £159 billion, as well as its progress on delivering its largest projects in 2012. The Department has made a good start but there are concerns about over-optimistic assumptions, the completeness and robustness of support cost estimates, and risks to capability. The affordability of the Plan is based on an agreement between the Department and HM Treasury that it will receive a one per cent annual increase in its equipment budget over the period from 2015-16 to 2020-21. If this is now not achieved in the current fiscal circumstances then the current plan may well be unaffordable. The addition of a contingency provision of £4.8 billion is a positive step, however this may not be sufficient to absorb cost growth. In addition, the Department lacks a robust understanding of the support costs, and the associated risks, including the size of the budget that may be required to recover equipment from Afghanistan. The Department also faces a particular challenge in delivering projects to agreed timescales. Ultimately, the Department bears the risk of these delays in terms of military capability and we need greater transparency on these risks and how they are mitigated. This includes the Department being clear on the impact on capability if the £8 billion that is currently unallocated in the budget cannot be used for purchasing new equipment because it is needed to absorb cost growth
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215054531 Total Pages :40 pages Book Rating :4.0/5 (545 download)
Book Synopsis Restructuring of the National Offender Management Service by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Restructuring of the National Offender Management Service written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2013-03-05 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Offender Management Service directly manages 117 public prisons, manages the contracts of 14 private prisons, and is responsible for a prisoner population of around 86,000. It commissions and funds services from 35 probation trusts, which oversee approximately 165,000 offenders serving community sentences. For 2012-13, the Agency's budget is £3,401 million. The Agency achieved its savings targets of £230 million in 2011-12 and maintained its overall performance, despite an increase in the prison population. However, the Agency's savings targets of £246 million in 2012-13, £262 million in 2013-14 and £145 million in 2014-15 are challenging. The Agency believes it has scope to make the prison estate more efficient by closing older, more expensive prisons and investing in new ones. These plans, however, assume the prison population will stay at its current level. Furthermore, the Agency has not yet secured the up-front funding for the voluntary redundancies needed to bring down prison staffing costs. Unless overcrowding is addressed and staff continue to carry out offender management work it is increasingly likely that rehabilitation work needed to reduce the risk of prisoners reoffending will not be provided. The Agency has not done enough to address the risks to safety, decency and standards in prisons and in community services arising from staffing cuts implemented to meet financial targets. The Agency plans to increase the role of private firms and the third sector in probation but the probation trusts don't appear to have the infrastructure and skills they need to commission probation services from these providers effectively
Book Synopsis The Report: Abu Dhabi 2014 by : Oxford Business Group
Download or read book The Report: Abu Dhabi 2014 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2014-03-25 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the emirate’s economic growth can be primarily attributed to its vast hydrocarbons resources, it has also made progress diversifying into new sectors such as manufacturing, tourism, aerospace, defence, finance and logistics. In addition to its economic investments, Abu Dhabi has also made major contributions to social welfare as well as infrastructure, which has been identified as the bedrock for future growth. The government has played a key role in the expansion of the security, aerospace and defence industry over the past decade in an effort to strengthen the UAE’s defence capabilities and as a means of boosting economic diversification. Despite challenges such as a high level of regional competition, most local defence and aviation firms expect to see continued expansion for years to come. The evidence suggests that the emirate has succeeded in nurturing new economic sectors and is on track to meet its goals. The oil and gas sector accounted for 56.5% of Abu Dhabi’s GDP at current prices in 2012, followed by construction (9.6%), manufacturing (5.9%) and real estate (4.4%).
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1498357709 Total Pages :118 pages Book Rating :4.4/5 (983 download)
Book Synopsis Bhutan by : International Monetary Fund. Asia and Pacific Dept
Download or read book Bhutan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-07-01 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that the GDP growth in Bhutan has slowed from about 10 percent in FY2011 (July 1–June 30) to 5 percent in FY2013. Slower growth reflects policy efforts to contain overheating pressures in the form of restrictions on credit for construction and vehicle. Inflation has remained elevated, tracking closely that of India (Bhutan’s main trading partner). Social development indicators have improved steadily, and Bhutan is on track or has achieved most of its Millennium Development Goals. Growth is projected to recover to 61⁄2 percent in FY2014, driven mainly by a pick-up in hydropower-related construction activities and domestic services.
Book Synopsis The Report: Nigeria 2013 by : Oxford Business Group
Download or read book The Report: Nigeria 2013 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2013-12-04 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors. Hydrocarbons reserves have traditionally attracted the vast majority of domestic and foreign investment in Nigeria. Oil production capacity has remained at roughly 2.5m barrels per day (bpd) since the start of 2000, although output fell to 2.2m bpd on average in 2012. Still, the country has long operated below its true potential and government efforts in recent years have sought to increase local value addition, by boosting refining capacity and minimising theft and bunkering. The country’s banking sector has been through a significant shake-up as well, resulting in a far healthier and more robust financial industry, while reforms in the telecoms and agricultural sectors have strengthened medium-term prospects.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215056917 Total Pages :56 pages Book Rating :4.0/5 (569 download)
Book Synopsis Department for Education by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Department for Education written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2013-04-23 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academies are funded directly by central government, directly accountable to the Department for Education, and outside local authority control. They have greater financial freedoms than maintained schools. By September 2012 the number of open academies had increased tenfold, from 203 to 2,309. Academies are the Department's chosen vehicle for school reform, but increasing schools' autonomy and removing them from local authority control gives the Department responsibility for ensuring value for money. The Department has incurred significant costs from the complex and inefficient system it has used for funding the Academies Programme and its oversight of academies has had to play catch-up with the rapid growth in academy numbers. In the two years from April 2010 to March 2012, the Department spent £8.3 billion on Academies; £1 billion of this was an additional cost to the Department not originally budgeted for this purpose, some of which was not recovered from local authorities. The Department must improve the efficiency of its funding mechanisms and stop the growth in other costs. Furthermore, the Department has yet to establish effective school-level financial accountability for academies operating within chains. What will determine whether the Department ultimately achieves value for money is academies' impact on educational performance relative to the investment from the taxpayer. If the Department is to be held properly to account for its spending on academies, it must insist that every Academy Trust provides it with data showing school-level expenditure, including per-pupil costs, and with a level of detail comparable to that available for maintained schools.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215053275 Total Pages :40 pages Book Rating :4.0/5 (532 download)
Book Synopsis Funding for Local Transport by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Funding for Local Transport written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2013-02-05 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department for Transport works with local partners to deliver many of its policies. Local authorities play a key role in planning and commissioning transport services, such as bus and light rail, and providing and maintaining roads and other local infrastructure. They spent a total of £8.5 billion on transport in 2010-11. The Department provided around a quarter of this (£2.2 billion), with the rest raised locally from council tax, from the £411 million surplus raised from parking levies, or from the Department for Communities and Local Government formula grant. In 2011-12 the Department provided £1.2 billion to local authorities for highways maintenance and small transport projects in the form of two un-ringfenced formula-based grants. The Department does not monitor how un-ringfenced grants are spent and there is insufficient information to determine the impact of the Department's contribution on local authorities' spending decisions and therefore to achieving the Department's objectives. The Department plans to devolve more control over its funding to the local level (raising the proportion of resources which are not ringfenced portion from 60% to around 80%); and new local transport bodies will take on some decision-making responsibilities previously held centrally. Full details of how the new system will work are still to be determined and there is uncertainty over how the arrangements will work in practice.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215052285 Total Pages :44 pages Book Rating :4.0/5 (522 download)
Book Synopsis Department of Energy and Climate Change by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Department of Energy and Climate Change written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2013-01-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is estimated that offshore wind farms have the potential to contribute 8-15% of electricity by 2020. This will require a large investment in offshore infrastructure, including around £8 billion of investment in transmission assets (offshore platforms, cables and onshore substations). An elaborate regime that licences operators of offshore electricity transmission assets following competitions has been introduced. The aim was to develop a competitive market for offshore electricity transmission but the reality is that the first six licences were won by just two companies. Furthermore, the terms of the transmission licences awarded so far appear heavily skewed towards attracting investors rather than securing a good deal for consumers. The transmission operators receive their income from the National Grid which recovers its costs from electricity suppliers and generators. Future payments to licensees are estimated at around £17 billion, and this will ultimately be funded by customers who could well end up paying higher electricity prices. The investors' estimated returns of 10-11% on the initial licences look extremely generous given the limited risks the investors bear. Licensees are guaranteed a fully retail price index-linked income for 20 years regardless of the extent to which assets are used. Yet penalties are limited to 10% of expected income in any one year if the operators fail to provide the transmission facilities when required. Despite the lessons from the PFI market the Government has failed to ensure that gains secured, for example, from debt refinancing are shared
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.
