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Major Projects Report
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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 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 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Action taken by the Ministry of Defence to balance its overall budget in the short term following the Strategic Defence and Security Review has contributed to a near £500 million in-year cost increase in the 15 largest defence projects. When coupled with previous cost growth, these projects are now £6 billion above forecasts made when the main investment decisions were taken. For the third successive year, central planning decisions taken by the Department, including delaying various projects, have had the biggest impact on cost growth, accounting for £237 million of the increase. Of this, £113 million relates to decisions to enhance capability. Macro-economic factors, such as adverse foreign exchange rates, accounted for £176 million of the increase. Cost overruns from project-specific technical issues accounted for £53 million. During 2010-11, there was a total increase of 30 months (with an average two months per project) in the forecast time to complete these projects and bring them into service. This brings the total delay on all 15 projects to 26.8 years. Long-term cost analysis by the NAO has shown that the difference between the approved and forecast costs of all projects which have had their main investment decision approved since 2000 is £10.6 billion (an 11.4 per cent increase). Additional costs have been avoided by reducing the amount of equipment the Department originally planned to buy. Had the Department not reduced equipment numbers, cost growth could have been between £18.2 billion and £19.4 billion (approximately 20 per cent) above the approved costs.
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.
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 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current defence programme is unaffordable. The Ministry of Defence (MOD) has already reduced the deficit between the defence budget and planned expenditure by £15 billion, but a shortfall of between £6 billion and £36 billion remains. The financial crisis means a substantial increase in funding is unlikely, and closing the gap will require bold action as part of the Strategic Defence Review which is expected after the General Election. The MOD has reduced equipment numbers being bought on some projects and taken short-term decisions to slip other projects, but this approach will lead to long-term cost increases. In 2008-09, costs on the 15 major defence projects examined by the NAO increased by £1.2 billion, with two thirds (£733 million) directly due to the decision to slow projects. This approach does not address the fundamental affordability problems, increases through-life costs and represents poor value for money on the specific projects affected. There are signs of improvement in project cost control with innovative decisions being taken to ensure progress but unless the MOD addresses the underlying budgetary and governance issues it will not consistently deliver value for money nor will the operational benefits of expensive new capabilities be available to the Armed Forces in a timely manner or in the numbers originally planned. The current cost of 15 major military projects has risen by £3.6 billion, compared with the expected costs when the investment decisions were taken. The total slippage, averaged over the 14 major projects with in service dates, is over two years per project.
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 Major Projects Report 2006 by : Great Britain: National Audit Office
Download or read book Major Projects Report 2006 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2006-11-24 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This particular publication is published alongside a second volume containing the project summary sheets (HCP 23-II ISBN 0102943737). This NAO report into the MoD's procurement of defence equipment examines the cost, time and performance data for projects in the year ended 31 March 2006. In total 30 defence equipment projects were examined (20 where the decision to proceed had been taken and 10 still being assessed). One project, the PFI deal for Skynet 5 communication satellites is dealt with in a separate appendix so that account can be taken of its restructuring. Traditionally these reports have focused on trends and reasons for cost movement. This year the focus is on the Department's efforts to live within its means by reallocating costs and re-assessing quantities. As well as the summary assessment of performance, the report contains case studies of major projects.
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 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a companion volume to the main report (HCP 98-I, ISBN 9780102951486) and a third volume (HCP 98-III, ISBN 9780102951509) which examines the landing ship dock (auxiliary) project
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215019660 Total Pages :86 pages Book Rating :4.0/5 (196 download)
Book Synopsis Ministry of Defence,Major Projects Report 2003,Forty-Third Report of Session 2003-04. ,Report,Together with Formal Minutes,Oral and Written Evidence by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Ministry of Defence,Major Projects Report 2003,Forty-Third Report of Session 2003-04. ,Report,Together with Formal Minutes,Oral and Written Evidence written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2004 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Major Projects Report 2003 provides information on progress made by the Ministry of Defence in procuring major defence equipment against cost, time and technical performance targets. It covers 30 projects split, according to Smart Acquisition principles, between the 20 largest projects on which the main investment decision has been taken, and the 10 largest projects yet to reach that point. For the 20 largest projects, costs are forecast to have increased by £3.1 billion in the last year, and are now 6.1 per cent over their approved costs. Difficulties on four older projects (which predate the introduction of Smart Acquisition) account for the majority of cost and time overruns. Following on from a NAO report on this topic (HCP 195, session 2003-04; ISBN 0102926581) published in January 2004, the Committee's report examines four main issues: the impact of the large cost overruns and delays; departmental risk management; ways of developing a more constructive relationship between the Department and industry; and lessons that need to be learned to avoid such poor procurement performance being repeated in future.
Author :Major Projects Task Force (Canada) Publisher :Canada : Major Projects Task Force ISBN 13 : Total Pages :95 pages Book Rating :4.:/5 (1 download)
Book Synopsis A Report to the Major Projects Task Force by the Sub-Committee on the Role of Government by : Major Projects Task Force (Canada)
Download or read book A Report to the Major Projects Task Force by the Sub-Committee on the Role of Government written by Major Projects Task Force (Canada) and published by Canada : Major Projects Task Force. This book was released on 1980 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Major Projects Report 2015 and the Equipment Plan 2015 to 2025 by : Amyas Morse
Download or read book Major Projects Report 2015 and the Equipment Plan 2015 to 2025 written by Amyas Morse and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Report to the Major Projects Task Force by the Financial Capability Sub-Committee Part of the Role of Government by : Major Projects Task Force (Canada)
Download or read book A Report to the Major Projects Task Force by the Financial Capability Sub-Committee Part of the Role of Government written by Major Projects Task Force (Canada) and published by Canada : Major Projects Task Force. This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Major Projects Report 2021 written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Major Projects Report by : Empire State Development
Download or read book Major Projects Report written by Empire State Development and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Report to the Major Projects Task Force by the Multinational Enterprises Subcommittee by : Major Projects Task Force (Canada). Multinational Enterprises Subcommittee
Download or read book A Report to the Major Projects Task Force by the Multinational Enterprises Subcommittee written by Major Projects Task Force (Canada). Multinational Enterprises Subcommittee and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Driving the Successful Delivery of Major Defence Projects by : Great Britain: National Audit Office
Download or read book Driving the Successful Delivery of Major Defence Projects written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2005-05-20 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the last 20 years the annual Major Projects Report has highlighted the variable performance of the Ministry of Defence's highest value defence equipment procurement projects, many of which have suffered cost overruns and delays. The NAO is examining the complex cultural and systemic drivers which need to be managed if military capability is to be delivered faster, cheaper and better. Project control is a critical linking factor between a number of the key drivers of successful acquisition, including management information, governance and assurance, risk and cost estimating, and ultimately budgeting and funding. The report describes four main levels of a gold standard practice pyramid: establishing and sustaining the right cultural environment; creating clear structure and boundaries; measuring progress and making decisions focused on successful project delivery; reporting to enable strategic decisions. The report finds the strongest message emerging from the analysis is that it is the "softer" factors about building and sustaining relationships (the bottom level of the pyramid) upon which success is predicated. There is a wide variety of performance against the gold standard, and this report presents recommendations to help ensure projects adopt practices closer to the standard. The full evidence underlying the recommendations is available on a website - www.naodefencevfm.org.
