Mr. Maurice Buckley:

I agree with the Deputy completely on the risk assessment for this and the other project. It needs to be made much more thoroughly and better documented. We have introduced systems since that time to do it in a more formal way. I put much value on that because it is the modern way of running businesses.

On the business case and the assessments made, they are also important. We followed the procedures of the Department of Public Expenditure and Reform. That is no excuse, but it is an explanation. The property market is dynamic at any one time. One does not have the ten or 15 options one might have in some other projects and has to move quickly. That is not an excuse, as we must still engage in the process. However, sometimes it has to be expedited to cover all of these matters.