Wednesday, 3 November 2010

Spiralling Costs

The most recent minutes of University Council reveal that the on-going "IT Transformation Programme" is running at a staggering £2.7m over the budget originally forecast by beancounters KPMG (who were hired as external consultants).

This was a point of considerable discussion at the meeting, but nevertheless Council gave the nod for the extra capital required to see the project through.

The blame has been primarily laid at KPMG's door, since apparently "£2 million of this sum was a result of items not originally specified by KPMG in their cost calculations."

The explanation continues: "it would have been difficult for KPMG to factor in the required additional expenditure into the original estimate; this was largely a result of an underestimate of the extent of institutional maturity and capability (both in terms of human and physical resources)."

If anybody can figure out what on earth this means - aside from sounding like yet another fantastic game of Bullshit Bingo - then please submit answers on a postcard.

There is light at the end of the tunnel though, for the minutes go on to explain:

"The Deputy Vice-Chancellor and Registrar and Secretary advised that, as Chair of the Project Board, he would be commissioning a post project review and this would include a review of the use of consultants."

Praise the Lord!

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