The number of major government projects considered at risk has dropped from 44 to 38 according to the latest Infrastructure and Projects Authority (IPA) report, despite two projects being rated “unachievable”.
Using data submitted in September 2016, the IPA’s fifth annual report exposes how well the 143 schemes on the £455.5bn Government Major Projects Portfolio (GMPP) are progressing.
To read the list of projects the IPA considers high risk click here. These projects include the A303 Stonehenge Tunnel.
It found that while confidence in project delivery has gone up and the number of at risk projects has reduced, two major infrastructure projects are still rated red, meaning urgent action is needed to ensure the project is still deliverable.
A further eight projects are rated amber, and five projects have dropped off the GMPP because they were cancelled. One of these was a carbon capture and storage commercialisation programme, stopped because government funding was reallocated.
IPA chief executive Tony Meggs said the most common cause of project failure was a lack of clear objectives, over-ambitious costs and schedules and a lack of resources.
“We know that success or failure of a project is often determined in its earliest phases. That is why the IPA is focussing its efforts on engaging and supporting specific projects in the early stages of their development,” he said.
“We will continue to work with departments and industry as early as possible on their projects, so we can help ensure they are set up for success.”
Infrastructure and construction represented the largest growth over the last year, accounting for £222.5bn and adding nine projects to the portfolio – including five Network Rail projects.