Olympic Land Acquisition 5

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3436
Question By: 
Len Duvall OBE
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In Written Answer 2894/2009 you state that the Olympics Delivery Committee's role was to 'oversee the regeneration brought by the 2012 Olympics'. Since land acquisition at the site is a fundamental part of the regeneration process, did the Committee have a role in scrutinising this process and, if so, did your decision to dissolve the Committee remove one of the means by which the black hole could have been discovered earlier than it in fact was?

Answer

Answer for Olympic Land Acquisition 5

Answer for Olympic Land Acquisition 5

Answered By: 
The Mayor

The Olympic Delivery Committee of the previous LDA Board was ineffective in its scrutiny role - it failed to recognise the need for tighter governance arrangements and improved processes and systems. This resulted in there being no triggers for the previous Board to identify the Olympic cost overrun.

The new arrangements put in place under my administration reduced delegation levels and increased project and programme scrutiny through new Investment and Audit, Risk and Performance Committees. This improved upon the previous arrangements and enabled the over-commitment to be identified within months of my election.