The Telegraph newspaper picks up a topical story in the UK media. It’s well worth a read. Check it out!

Olympic security: The firm at centre of the shambles ‘has seen fee rise by £53m’ – Telegraph.

However for me, it highlights a number of powerful weaknesses in  UK industry policy:

Firstly, despite recent interventions of the Cabinet Office, the UK Public Sector‘s procurement policies are largely bureaucratic and ineffective, compared to Best Practice in the Private Sector.

Secondly, the cited cost escalations are down to programme management, another area where practice is highly prescribed by the Cabinet Office, where too much emphasis is placed on simplistic mechanical measures, like Prince 2, rather than emerging Best Practice in Programme and Project Management.

Thirdly it highlights the ineffectiveness of the Competition Commission (CC) which replaced the Monopolies and Mergers Commission:

The CC replaced the Monopolies and Mergers…