The project was managed from the top down

3.2  Senior National Savings management committed a large amount of time to the project. This is essential, especially where a department is proposing to transfer a substantial part of its operations to the private sector. The organisational structure for the project is shown at Figure 10

3.3  National Savings benefited from the input of the Treasury. Both the Debt and Reserves Management Division, the sponsoring division for National Savings, and the PFI Task Force regarded this deal as a significant project which they wished to see run smoothly. Along with staff from National Savings, Treasury officials were members of the Sourcing Strategy team from November 1997, prior to bidders' responses to the Information Memorandum.

 

Figure 9

 

Comparison of project timetable with outturn

Source: National Audit Office

 

Project organisation

Figure 10

 

 

 

This figure shows that National Savings adopted a formal project management organisation

 

Source: National Savings