Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017

9:00 am

Mr. Ian Black:

There were payment milestones. We went through a planning phase to produce a project plan to ensure functionality would be delivered. It went through an internal audit, an in-flight review, which it passed and a further payment of €250,000 was made in November 2016. The project ran into difficulties in January 2017, at which stage it was escalated to the vendor's senior management and a new project manager was appointed. It was the third project manager. We engaged heavily with the company until July, at which point the project was supposed to pass through to the next stage, the design phase, but it did not do so. It remained "red" - if we could call it that - for that period of time and a decision was taken based on a review not to proceed with that vendor.

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