Is 10 Billion pounds a lot of money?
18 September 2013, 10:50 AM
#1
Is 10 Billion pounds a lot of money?
I don't normally deal with numbers like this, so it's hard for me to say.
Some things are best left to our betters I suppose.
http://www.theguardian.com/society/2...ds-system-10bn
Some things are best left to our betters I suppose.
http://www.theguardian.com/society/2...ds-system-10bn
18 September 2013, 11:05 AM
#2
Well yes it's all relative of course, but I'd say it's is an awful lot for the square root of jack to show for it.
How about considering the opportunity cost;
£500M to build a hospital,so 20 hospitals) (http://en.wikipedia.org/wiki/Queen_Elizabeth_Hospital_Birmingham)
£50M to build a school, so 200 schools (http://news.bbc.co.uk/1/hi/education/4952004.stm)
£1.2B to build a powerstation, so 7-8 (http://uk.answers.yahoo.com/question...0131150AAcTfFB)
How about considering the opportunity cost;
£500M to build a hospital,so 20 hospitals) (http://en.wikipedia.org/wiki/Queen_Elizabeth_Hospital_Birmingham)
£50M to build a school, so 200 schools (http://news.bbc.co.uk/1/hi/education/4952004.stm)
£1.2B to build a powerstation, so 7-8 (http://uk.answers.yahoo.com/question...0131150AAcTfFB)
Last edited by ReallyReallyGoodMeat; 18 September 2013 at 11:09 AM.
18 September 2013, 11:24 AM
#4
Originally Posted by Wikipedia
The costs of the venture should have been lessened by the contracts signed by the IT providers making them liable for huge sums of money if they withdrew from the project; however, when Accenture withdrew in September 2006, then Director-General for NPfIT Richard Granger charged them not £1bn, as the contract permitted, but just £63m.[21] Granger's first job was with Andersen Consulting,[22] which later became Accenture.
Last edited by ReallyReallyGoodMeat; 18 September 2013 at 11:26 AM.
18 September 2013, 01:47 PM
#7
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About 3 years ago there was an hour long interview with a consultant who was doing a whistle-blower job on this subject & worked on a government contract that went over budget & was cancelled with massive losses.
He said they just ripped the pi** out of the public sector & that they would never get away with it if it was a private sector project.
Seems nothing has been learnt here...............again!
He said they just ripped the pi** out of the public sector & that they would never get away with it if it was a private sector project.
Seems nothing has been learnt here...............again!
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