Posts tagged: "Risk management"
Posted on September 5, 2016 by Joshua Reddaway
How to apply open book accounting principles without the cost of open-book accounting
Government uses contracts to deliver many public services and has a duty to get value for money. Two recent NAO investigations illustrate, in two very different situations, how contracts can founder when the procuring organisation lacks understanding about the relationship between the contractors’ cost of providing the service and the price of the contract. That’s why central government is now required to apply open-book contract management. But expertise, time and effort is required to apply it in full. For low-risk, more straight-forward contracts, we set out a low-cost, minimal open-book approach. more… Contracting: A minimal open book approach
Posted on July 28, 2016 by Bob Shambler
The tragic July events in Dhaka, with a 12-hour siege and death of 20 hostages, brought home to us the risks that accompany travel to almost any part of the world today. The attack on the Holey Artisan Café in an upmarket Dhaka suburb was one of the deadliest in Bangladesh and mostly hit overseas nationals. Horrifying to all, it was terrifying for us. The café was one of the NAO team’s favourite places to eat and a few of its members had been there just a few days before. None of us wants to contemplate the worst, but such occurrences bring home the crucial importance of risk assessment and preparation for crisis management. more… A near miss: Managing risk overseas
Posted on June 16, 2016 by Iain Forrester
It’s good to share. Surely sharing services has to be more efficient? Standardised services and economies of scale have to reduce costs. But what about tailoring to needs and allowing flexibility? What about the risks of service failure? We at the NAO are often asked by public sector organisations whether they should join in shared services. The answer is … it depends.
Posted on May 31, 2016 by Nick Bateson
An income of £659 billion. Spending of £734 billion. Liabilities over £2 trillion. A £152 billion deficit. The Whole of Government Accounts (WGA) is the truly big picture of government finances: the net financial position of 6,000 public organisations – the entire public sector. There is no more complete record of what the government spends, receives, owns and owes. Dig into the details and you can uncover crucial indications of the long-term financial health of the country. more… Summing the parts of the whole (of government accounts)
Posted on May 19, 2016 by Andrew Denney
£225 billion of taxpayers’ money is spent annually with private and voluntary providers. Health, justice, employment and many other public services are delivered by them. This delivery can be complex and high risk, and very high profile if providers fail. Government Commercial and Contracting: an overview of the NAO’s work highlights some of the key challenges faced by government and brings together findings from our work across these challenges. We invite you to join the discussion and help us do more to share thinking and practices across government. more… Joining the dots: the picture from government contracting
Posted on March 11, 2016 by Kate Mathers
The end is nigh – of the financial year, that is. So it’s the perfect time to inspire you by sharing some great examples of public sector corporate reports. Building Public Trust Awards: Examples of good practice in annual reports, 2015, profiles a wide range of examples from last year’s reports, across categories such as: strategy, measures of success, operations and people factors. more… Great ideas for annual reports
Posted on February 26, 2016 by Kate Mathers
The organisations we audit told us our ‘how to’ guides and frameworks are very useful – but hard to find on our website. They were right. So we’re delighted to say that we’ve now put them all in one place: our new Self-assessment resources web-page. So if you’re about to undertake a self-assessment and planning process, there may be something on this page to save you reinventing a wheel. To illustrate, this post highlights some of the resources you can find on our new page. more… Why reinvent the wheel?