Feeds

Olympic planners left IT out of the budget

D'oh

Build a business case: developing custom apps

The government failed to account for the costs of IT when putting together its budget for the 2012 Olympic Games, according to the bean counter watchdogs of the Public Accounts Committee (PAC).

In its 39th report, the PAC said the Olympic Delivery Authority had neglected to include additional costs of £400m, which would cover "IT and site mobilisation and the costs of the CLM Consortium", a project management group appointed by the Olympic Delivery Authority to help it get everything in on time.

This £400m oversight was part of a £900m increase in the total budget for the Olympic Park, announced in 2006. The PAC says the massive underestimate was a result of using the costs of an "urban development corporation" as a benchmark for the running costs of the Olympic Delivery Authority. And they say private sector isn't leaner than public.

The report also found the authority has "seriously overestimated" the amount of private sector funding it was likely to receive. Planners budgeted for £738m of private sector funding, but it turned out that there was not enough time to negotiate the necessary contracts, so the money is unlikely to materialise.

The games were originally expected to cost around £2bn. That figure has since risen to £9bn. And although they managed a £400m tech-related oversight, at least planners managed to get the London Olympic logo in on time and looking just fabulous. ®

Boost IT visibility and business value

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
VVOL update: Are any vendors NOT leaping into bed with VMware?
It's not yet been released but everyone thinks it's the dog's danglies
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.