Most Ministry of Defence projects funded by PFI deals are delivered satisfactorily, on time and on budget. In six of the eight projects examined by the NAO, the Department has generally achieved value for money through effective allocation and management of risks. Failures to identify and manage risks reduced the value for money achieved from the other two projects reviewed by the NAO. Most MOD PFI projects are now providing important support to military and civilian staff. They cover a portfolio of more than 50 projects delivering a broad range of services such as equipment, buildings, training and communications. The Department has developed commercial disciplines for scrutinising the value for money of its PFI procurements and has extended these into other projects. While the MOD allocates and manages many of the project risks effectively, it does not always have the robust data necessary to understand the risks it is asking the private sector to bear. In at least seven projects, the decision to use PFI has been reversed. Overall, the PFI projects surveyed took an average of 37 months to procure compared with the PFI average across government of 34 months. And larger PFI projects with a capital value over £50 million took the MOD an average of 45 months to procure. This longer procurement time reflects the complexity and special requirements of the Department's projects, but there is scope for the Department to improve the speed at which it closes larger deals. It is seeking to do so through improvements to the oversight of its capital procurements. The NAO also highlight the risk that contractors may incorrectly report performance which would otherwise lead to payment deductions.

The missile defence policy of the US plays a crucial role in international affairs and is normally studied from a US perspective. This book is different, it delivers a sharp analysis of regional and national variations and integrates them with US viewpoints to present a rounded and comprehensive study. What will be the international ramifications of American plans to deploy a comprehensive national missile defence policy? This is a key question for all those wishing to build a sense of the global future and is here answered with clarity and rigour by expert contributors. This new study breaks the mould of traditional assessments that focus exclusively on the US world picture and are inevitably one-dimensional. Here we see that US action automatically entails reactions as this text advances a more balanced approach. By integrating a focus on US policy with a strong analysis of regional dynamics, it demonstrates that the global ramifications of US policy are indeed contingent upon distinct regional and national variations. These differences in turn have consequences both for the challenges the US faces in relation to missile defence and for the future of world politics. This is an innovative and groundbreaking study that contains lessons for those wishing to safeguard the future by becoming alert to its challenges and complexities.