Posts tagged: "Project management"
Posted on August 17, 2016 by Tom McDonald
Ever wished to be a Saint – or to visit the world’s oldest land animal: Jonathan, the 184 year-old tortoise? To help the 4,100 ‘Saints’ – the residents of the UK Overseas Territory of St Helena – to become economically and socially sustainable, the UK funded the island’s first airport. But the airport’s opening has been delayed and our investigation highlights the challenges and risks to Realising the benefits of the St Helena Airport Project. This is an unusual and fascinating example of project decision-making. It also highlights common issues about managing high risk projects, potential optimism bias in forecasting, and the challenges of realising project benefits. more… Forecasting for ‘Saints’
Posted on April 20, 2016 by Simon Bittlestone
The problem’s identified; the policy-fix is designed; but then the public doesn’t respond as expected. It’s an old story, and not unique to the public sector. But the consequences of inadequate consumer understanding and lack of early-warning signs can be costly – as our recent report, Green Deal and Energy Company Obligation, shows.
Posted on March 18, 2016 by Elliott White
£5 billion: Potential underestimate of forecast costs in the Ministry of Defence 10 year equipment plan. 32,000: The over-estimate in the number of new homes the New Homes Bonus policy would deliver in its first ten years, as a result of an arithmetical error in a forecasting model. These findings in our reports Major Projects Report 2015 and Forecasting in government show that models really matter! So how can you be sure your model is producing accurate forecasts? more… Beautiful models: robust and reasonable
Posted on January 11, 2016 by Geraldine Barker
Major projects are risky. They’re complex. They’re costly. They’re high-profile. They’re interdependent. They’re prone to falling short of promised benefits and/or exceeding budgets. In short, they are challenging to deliver. And much of government’s work is delivered through major projects. With the publication on 6 January of our briefing for the Public Accounts Committee (PAC), Delivering major projects in government, and the recent creation of our new Managing major projects web-page, I’m delighted to share some of lessons we’ve identified from our review of hundreds of major projects over many years. more… The challenges of major projects