Lessons for the private sector
This Business and Management Faculty webinar took place on 20 November 2019.
In 2013, following a number of high profile flawed investment decisions by government departments, Sir Nicholas Macpherson investigated the ways in which financial models were developed and used across the public sector. His "Review of Quality Assurance of Government Models" resulted in wide ranging and robust changes to the management of business critical models in the sector.
The lessons from Macpherson - in particular the differentiation of the quality assurance environment from the quality control process - are highly relevant to the private sector and to anyone using spreadsheet models for decision making.