Expenditure on IT projects completed in each year since 2001 was as follows.
In 2001, £3.087 million. In 2002, £4.748 million on projects including provision of new IT facilities for the new Treasury building. In 2003, £1.1 million. In 2005, £1.117 million. In 2006, £9.637 million including large projects to introduce a new records management system to meet the demands of the Freedom of Information Act and the introduction of COINS, the Government’s financial management database. There were no projects completed in 2004. During this period one project was the redevelopment of the Treasury’s public website in 2001, which accounted for £250,000.
The majority of information technology projects undertaken by or for HM Treasury were completed on time and on budget. Eleven of the 16 projects undertaken since 2001 were completed to budget, with two coming in under budget and only three exceeding their budgets. The increase in the cost of these three projects was due to unforeseen increases in complexity and scope of the projects being undertaken. Ten of the projects were completed to their original deadlines and of the six projects completed after their deadline, three were completed within weeks of their intended deadline, and the extra time taken for one project resulted in cost savings.