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.
Overview
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.
Jonathan Swan has trained many civil service analysts and managers in the implementation of Macpherson. In this webinar he looks back at five years of Macpherson and compares and contrasts the approaches used in both the public and private sectors, and in particular the role of the Senior Responsible Officer.
Broadcast on 20 November 2019