IT project overspend of the day

Today's prize goes to the DVLA and IBM for the PACT (Partners Achieving Change Together) programme. This is a "10-year strategic partnership" which has a mission to "encourage innovation and accelerate change" and face the challenge to "deliver better quality services at lower cost".

The contract was awarded to IBM by the DVLA in 12 September 2002. The original estimate cost was £287.3 million. The most recent estimated cost for the project which is still ongoing is £437 million. These figures, taken from a written response in Hansard, do not include the set up and transition costs of the project.

Guess they failed on the "lower cost" bit then?