La banca centrale ha registrato 3,6 milioni di euro oltre il budget sul nuovo sistema di dati nonostante abbia dato rassicurazioni sui costi
https://www.thejournal.ie/central-bank-overspend-data-management-system-3-million-6674632-Apr2025/?utm_source=thejournal&utm_content=top-stories
di Static-Jak
12 commenti
Sure look we’ve all done it.
“The bank had expected to spend around €18 million on the new system but ended up spending just over €22 million instead – a massive increase on the projected cost.”
The use of “massive” and “huge” seems a little bit ott for a ~20% overspend in my opinion. Really depends on what caused the increase in costs and were they foreseeable/avoidable.
Give thwm a break,.You can’t expect them to be experts in financing and budgeting ffs
My whole life is “over budget” atm so I’m not going to criticize anyone else
>The bank had expected to spend around €18 million on the new system but ended up spending just over €22 million instead – a massive increase on the projected cost.
In the world of IT, that’s an incredibly successful and well managed project. Genuinely.
Especially as the original estimate was made in 2017.
I love the way the article has two paragraphs linking this to previous spending controversies but state departments, and then immediately follow it up with;
>The bank is not directly taxypayer-funded, but makes money through an investment portfolio, a funding levy paid by banks and other financial institutions, and through profit on the issuing of banknotes.
So it’s not tax payers money at all.
I’m beginning to think the media aren’t experts on IT infrastructure and therefore have no idea how to talk about these issues other than “big numbers are bad.”
It isn’t immediately clear whether the overspend is on account of the initial proposal being made in 2017 and subsequent inflation?
And those of us who work with the Central Bank daily know that they could do with the investment in technology. Using ORION once is enough to drive anyone bananas.
Some IT infrastructure costs went up 50% so 20% over budget is well done.
Also as a IT manager you never finish under budget haha you always go over as scope change and creep always happens for business stakeholders
Seems like a whole lot of kerfuffle over very little, relatively speaking, especially since even with all the projects that went over budget that were listed in the article, the Central Bank was still within their overall capital expenditure budget over the last five years because of other projects costing less than originally planned, so in the end they spent no more than what they had planned to spend on capital projects overall during that period.
It’s cool it would only have paid for twenty scoliosis operations for children in private clinics.
I wish we had a news report every time a private company overspends on a project just so we can get some perspective on how normal this stuff actually is.