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Vol. XII Issue III - March 2010
Project Management eJournal
REGIONAL REPORT:
UK Project Management Round Up
By Miles Shepherd
International Correspondent for PMForum
& PM World Today
Salisbury, England, UK
Introduction
The project scene in the United Kingdom continues to be dominated the weakness of the economy as financial institutions remain reluctant to back essential projects in several important sectors. Commentators point to the weak growth figures for the final quarter of 2009 but news came this week of an upward revision to the total. However, growth remains very weak.
Project Economy
The defence sector is usually one the powerhouses of the UK economy but oven here costs are escalating and projects threatened. One of the major aviation programmes, the Airbus A-400M military transport aircraft has received further financial help as owners EADS threatened to cancel the project. According to press reports, the seven nations that have formed a partnership with Airbus to develop the A400M have agreed put up more money to keep it alive.
Airbus, will be forced to concede ground and is expected to write off €1.7 billion (£1.5 billion) in addition to the €2.4 billion that it has already lost on the project which is running nearly 3 years behind schedule. The Ministry of Defence has ordered 25 A400Ms at a cost of about €2.5 billion – the latest bailout will increase its commitment by about €250 million budget is under severe strain as a result of overseas operations and the sliding value of the Pound.
While super projects in the air have their problem, all is not calm on the naval front with VT, once one of the main contractors in the Royal Navy’s Future Carrier programme, now the subject of a hostile takeover by Babcock International…
To read entire report click here
Miles Shepherd Global Advisor Miles Shepherd is a global advisor and International Correspondent for PMForum in the United Kingdom. He is also managing director for MS Projects Ltd, a consulting company supporting various UK Government agencies, nuclear industry organisations and other businesses. Miles has over 30 years' experience on a variety of projects in UK, Eastern Europe and Russia. His PM experience includes defence, major IT projects, decommissioning of nuclear reactors, nuclear security, rail and business projects for the UK Government and EU. Past Chair and Fellow of the Association for Project Management (APM), Miles is also past president and current chair of the Executive Board of the International Project Management Association (IPMA). He was recently named Chair of the ISO committee that is developing the new ISO 21500 Guidelines for Project Management. He was also involved in leading APM's recently published guidelines for project management oversight and governance. Additional information about Mr. Shepherd can be found at http://www.pmforum.org/ambassadors/ambassadors.htm#Shepherd. Miles Shepherd is based near London and can be reached at miles.shepherd@msp-ltd.co.uk. |
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