U.K. To Reform Acquisition Management

By Robert Wall

LONDON — U.K. Defense Secretary Liam Fox has vowed to establish quarterly reviews of major acquisition efforts in a bid to stem perpetual cost overruns.

The Major Projects Board, to be headed by the state secretary, initially will scrutinize the top 20 projects and then expand that effort to the top 50. “Where projects are falling behind schedule or budget, we must take ...

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