Thanks for the link. I read it. Very frustrating, mainly because the audit team are clearly going through the motions and have very little clue about the subject matter. The report is, essentially, a stitch up, whereby MoD agrees the minimum level of criticism they can live with, take a minor hit and walk away.
Down in the detail, there lurks some extraordinary claims. Did you know that Nimrod MRA4 did NOT suffer from "lack of realism from the outset" or "failure to identify key dependencies"? That'll come as a surprise to the many who predicted precisely what would go wrong, back in the mid-90s. Probably means they've retired, so MoD thought they could get away with this nonsense.
Oh, and one of the reasons why costs have increased by "only" £200M+ is the favourable Sterling/Dollar exchange rate. Didn't know MoD were responsible for that. They should compare like with like.
Listened to Min(DE&S) on the radio this morning. I don't think he answered a single question directly (which is why he's a Minister), but to be fair he did make one good point. Many, many projects are delivered to Time, Cost and Performance; or better. So why not say "We're learning from these" as well as "We're learning from the failures"? Everyone knows why the projects failed, often in advance (!!), but few want to know why many are successful, because it's too embarrassing.