Some things transcend borders and cultures
Headline: “Gov’t IT project ‘failed’ with $12mil misappropriated”
Location: Vietnam.
VietNamNet Bridge – More than 20% of the funds already disbursed for a multi-million dollar project that aimed to computerise Government offices nationwide has been misallocated, according to a new report from the State Audit Agency.
The State Audit Agency said Project 112 had misallocated nearly VND195bil (US$12mil) in funds.
Of that amount, VND110bil ($6.8mil) had been misused at 43 sub-projects at ministries and provinces, according to reports released by the agency last week.
In April, Prime Minister Nguyen Tan Dung called a halt to the project after discrepancies were reported in the allocation of state funds.
Welcome to the wonderful world of IT projects! ..bruce..
Category: Information Technology, Main, Pitfalls, Project Management