Lack of cost-estimation capability in government means that government is reliant on suppliers to government defining what a project will cost. The IPA told us that cost estimation is an important skill and one that government departments need to be much better at. HM Treasury told us that the challenge of estimating cost accurately for developing business cases and for spending reviews is an area that government still has not cracked and that better transparency about cost estimates can be h...

Lack of cost-estimation capability in government means that government is reliant on suppliers to government defining what a project will cost. The IPA told us that cost estimation is an important skill and one that government departments need to be much better at. HM Treasury told us that the challenge of estimating cost accurately for developing business cases and for spending reviews is an area that government still has not cracked and that better transparency about cost estimates can be helpful. The IPA has produced guidance on cost estimating and told us that it will be important for departments to move away from reference-class forecast Type: conclusion | Number: 18 | Response status: no_published_response