The Major Project Report 2001 covers the period to 31 March this year, and provides cost, time and technical performance data on the top 30 defence projects.
It revealed that rapid changes in computer hardware have cost the Eurofighter project Pounds 33m in obsolescence costs.
The Eurofighter is designed for air superiority and will allow the RAF to replace the Tornado F3 and Jaguar. The first fighter is due to be delivered to the RAF next June.
Technical problems are also to blame for slippage in the project for the Advanced Short Range Air-to-Air Missile (Asraam), resulting in an additional Pounds 25m in interest on capital charges.
Technical factors resulted in 19 months of delays to three projects, adding six months to the Asraam project and one to the Attack Helicopter project. The report noted: ‘The 12 months slippage in the Swiftsure and Trafalgar Class Submarine Update was caused by software engineering problems which led to the sonar system development programme being delayed.’
But the NOA said this year’s projects have performed the same or better than last year, and costs and project slippages are under better control.
- This article first appeared on vnunet.com
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel