overspend in news
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BBC to take better care of web budget
News The Trust asked the BBC Executive to propose a new system of financial management to address the shortcomings which led to the overspend. The BBC's independent regulator, the BBC Trust, has approved the corporation's plans to manage its website... [22 Jul 2008]
Foreign Office tech overspend leads to project trimming
News A spokeswoman for the FCO explained the overspend: "FTN is the FCO's telecommunications network.m was the estimate in 2000, in the intervening eight years the FCO has deployed many new applications creating a significant additional demand for... [07 Jul 2008]
MoD IT - late and over budget
News But the report finds that the MoD has largely controlled costs, with the £182m overrun representing only a three per cent overspend on its contract with Atlas. A Ministry of Defence (MoD) programme to replace hundreds of IT systems with a single... [04 Jul 2008]
BBC warned after busting website budget
News According to the Trust the majority of overspend was due to a misallocation of £24.9m in overheads and costs to other BBC budgets. The BBC has been warned to improve its financial management after the corporation exceeded its website budget by... [30 May 2008]
Defra IT - blowing budgets and showing up late
News With an £11m overspend and slippage of up to two years on its large tech projects Defra is the latest government department with a poor IT track record. Major IT projects at the Department for Environment, Food and Rural Affairs (Defra) are... [07 Feb 2008]
Gov't IT spending to face scrutiny
News The spokesman said the review has not been triggered by the government's lamentable track record on delivering IT systems on budget and on time - such as the £70m overspend for the national fire control centre system or the National Offender... [01 Feb 2008]
Fire service IT project delayed and £70m over budget
News An IT system to underpin England's new fire control network is facing a £70m overspend and two-year delay. Speaking at the time Stephen Timms, minister for competitiveness and former chief secretary to the Treasury, spoke of a commitment to reduce... [07 Jan 2008]
Would you spot £1,000 missing from your account?
News Women are more likely to overspend on food and drink, while men are more likely to overspend on luxury goods. Most Brits are "finance-phobic" and would fail to notice if £1,000 went missing from their bank accounts. [22 Nov 2007]
One in three tech projects runs over budget
News One in three projects implemented each year ends up with an overspend of between 10 and 20 per cent on the original budget. A third of IT projects carried out in the private sector run over budget, according to a survey. [12 Sep 2007]
Treasury: Gov IT projects' overspend must end
News It is when complex IT projects with large budgets overrun that overspend becomes an issue, according to O'Neill. The Treasury has called for IT projects to be run more efficiently, as it makes more money available for central government-run... [15 May 2007]
Gov blasted over budget-bloating IT projects
News According to the Liberals, Defra is the department with the least control over its budgets, with IT projects 46.3 per cent over budget - an overspend of £62.4m. He added: "Government IT projects have long been the laughing stock of the private... [14 May 2007]
'Stop buying IT' bosses told
News He said: "There was over-hype in the 90s and there was overspend. Nicholas Carr, a perennial thorn in the side of the IT industry and author of the 2003 Harvard Business Review article 'IT doesn't matter', looks set on stirring fresh controversy in... [04 Oct 2006]
'Go green or face financial doom'
News And the potential to overspend on power will impact on the IT department's ability to grow and meet business needs in the future, Gartner predicts. With server rooms growing and electricity costs rising, IT departments need to embrace energy... [28 Sep 2006]
MPs probe £900m overspend on late submarines
News The government has again been forced to admit that failures in a Computer Aided Design (CAD) program have contributed to the delay of the build of three nuclear submarines and to the project coming in £900m over budget. [15 Mar 2006]
CIOs "bullish" on health of economy and IT spend
News IT spending projections for the rest of the year also improved with only six per cent predicting they will underspend their budget, while a quarter expect to overspend. CIOs' confidence in the current health of the economy and IT spending remains... [04 Oct 2005]
