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The Budget For The London 2012 Olympic And Paralympic Games by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Title The Budget for the London 2012 Olympic and Paralympic Games
Author Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher The Stationery Office
Release Date 2008-04-22
Category Olympic Games
Total Pages 39
ISBN 0215514653
Language English, Spanish, and French
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Book Summary:

At the time of London's bid to host the Olympic and Paralympic Games in 2012 the cost of the Games was estimated to be just over £4 billion. The costs were to be met by public sector funding of £3.4 billion, with a further £738 million from the private sector. After London was awarded the Games, the Department for Culture, Media and Sport and the Olympic Delivery Authority reviewed the cost estimates and in March 2007 announced a budget of £9.325 billion. The Department has stated that public sector funding will not exceed this figure. The March 2007 budget included contingency provision of £2.747 billion. This sum was not included at the time of the bid. The March 2007 budget also included a preliminary estimate of £600 million for policing and wider security, over and above the cost of site security during construction. No estimate for the cost of policing and wider security was included at the time of the bid. In addition, the Olympic Delivery Authority's programme delivery budget has risen to £570 million, compared with an original estimate of just £16 million. Cost estimates have increased by £5.3 billion, but a significantly lower expectation for private sector funding towards the cost of venues and infrastructure, and the Olympic Village, means the public funding has increased by £5.9 billion. The final cost will depend on disposal of assets after the Games. There is no basis on which to measure achievements regarding the projected legacy benefits of the Games. This report follows the NAO report on this topic published as HC 612, session 2006-07 (ISBN 9780102947335).

The Budget For The London 2012 Olympic And Paralympic Games by Great Britain: National Audit Office

Title The budget for the London 2012 Olympic and Paralympic Games
Author Great Britain: National Audit Office
Publisher The Stationery Office
Release Date 2007-07-20
Category Business & Economics
Total Pages 34
ISBN 9780102947335
Language English, Spanish, and French
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Book Summary:

This is the second in a series of National Audit Office reports on the preparations for hosting the London 2012 Olympic and Paralympic Games (the first report was HC 252, session 2006-07, ISBN 9780102944273). It examines the development of the budget - costs, provisions and funding - for the venues and infrastructure required to host the Games and related costs such as security. On 15 March 2007 the Secretary of State for Culture, Media and Sport announced to Parliament the budget for the Games and infrastructure associated with the Olympic Park and other venues totalling £9.325 billion, some £5.289 billion higher than the cost estimate at the time of the bid in gross terms. This increase in cost estimates, along with a reduction in anticipated private sector funding, means that public sector funding for the Games has increased by £5.906 billion (which includes contingency of £2.747 billion which may not be used in full.) The overall conclusion is that the budget announced in March 2007 represents a significant step forward in putting the Games on a sound financial footing and should help those involved in delivering the Olympic programme to move forward with greater confidence. The budget process followed has been thorough, and the judgements and assumptions made by the Department and the Olympic Delivery Authority have been informed by detailed analysis and expert advice. Significant areas of uncertainty remain such as the finalisation of detailed design specifications, the legacy benefits to be delivered, how potential suppliers will respond to invitations to bid for work, and the impact of inflation in construction prices, as reflected in the high level of contingency that has been provided for. A number of recommendations are made covering the management of the budget and risk.

Preparations For The London 2012 Olympic And Paralympic Games by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Title Preparations for the London 2012 Olympic and Paralympic Games
Author Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher The Stationery Office
Release Date 2008-07-24
Category Olympic Games
Total Pages 34
ISBN 0215522168
Language English, Spanish, and French
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Book Summary:

Within Central Government, preparations for the London 2012 Olympic and Paralympic Games are being led by the Government Olympic Executive, which is part of the Department for Culture, Media and Sport (DCMS). The Excutive is responsible for co-ordinating the activities of a wide range of organisations, including the Olympic Delivery Authority, whichis responsible for the construction of venues and associated infrastructure. Whilst individual organisations have their own programme management arrangements, the Governmetn Olympic Executive has not hyet developed a plan for the programme as a whole, or finalised arrangements for identifying and managing risks across the programme. On the basis of a report by the Comptroller and Auditor General (HC 490, session 2007-08, ISBN 97801102954197) the Committee took evidence from DCMS and the Olympic Delivery Authority onthe progress made in preparing for the London 2012 Olympc and Paralympic Games

Title Preparations for the London 2012 Olympic and Paralympic Games
Author Great Britain: National Audit Office
Publisher The Stationery Office
Release Date 2010-02-26
Category Business & Economics
Total Pages 33
ISBN 0102963541
Language English, Spanish, and French
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Book Summary:

Venues and infrastructure for the 2012 London Olympic and Paralympic Games are on track to be delivered on time for the Games and the cost is currently forecast to be within the £9,325 million budget for the Games announced in March 2007. In 2009, it was decided that the Olympic Village and the Media Centre would be publicly funded after the economic downturn left the private finance plans untenable. These decisions were made on clear value for money grounds, but required some £621 million of contingency funding from within the budget, with the requirement reduced by savings elsewhere on the Olympic Delivery Authority's programme. During 2009, the Government Olympic Executive made progress in bringing together the delivery plans of the various organisations involved and developing an integrated programme. These plans need to be finalised so that testing can start in early 2011. The Home Office has prepared costed plans for its Olympic safety and security programme. However, the Home Office and the London Organising Committee for the Olympic and Paralympic Games (LOCOG) have not yet agreed the precise responsibilities, scope and costs for venues security operations. Concerns remain over: the location of the Media Centre away from the Stratford transport hub and the securing of intended legacy benefits from the Olympic Park and associated venues, including the Media Centre; and the risk of LOCOG being in deficit after the Games.

Title Handbook of the London 2012 Olympic and Paralympic Games
Author Vassil Girginov
Publisher Routledge
Release Date 2013
Category SPORTS & RECREATION
Total Pages 321
ISBN 9780415671941
Language English, Spanish, and French
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Book Summary:

"The Handbook of the London 2012 Olympic and Paralympic Games is the definitive, officially-licensed account of the world's greatest sporting mega-event. It tells the complete story of the 2012 Games from inception, through the successful bidding process and the planning and preparation phase, to delivery, aftermath and legacy. Written by a world-class team of international Olympic experts, sports researchers and writers, the book offers comprehensive analysis of the full social, cultural, political, historical, economic and sporting context of the Games. From the political, commercial and structural complexities of organizing an event on such a scale, to the sporting action that holds the attention of the world for three thrilling weeks, this book illuminates every aspect of the 2012 Games, helping us to better understand the vital role that sport and culture have in contemporary global society. The book is divided into two volumes. This, the first volume, examines the build up to London 2012, covering key topics such as: - the bidding process - planning and decision making - financing the Games - developing the Olympic infrastructure - engaging national and international governing bodies of sport - engaging the UK public - engaging a global public - developing a legacy programme - the cultural Olympiad. Richly illustrated with the personal accounts of key stakeholders, from sports administrators and politicians to athletes and spectators, and including essential data and evocative visual material, this book is essential reading for anybody with a personal or professional interest in the Olympic Games, global culture or the development of sport"--

The London 2012 Olympic Games And Paralympic Games by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Title The London 2012 Olympic Games and Paralympic Games
Author Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher The Stationery Office
Release Date 2013-04-19
Category Business & Economics
Total Pages 52
ISBN 0215056817
Language English, Spanish, and French
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Book Summary:

The success of the London 2012 Games demonstrates that it is possible for government departments to work together and with other bodies effectively to deliver complex programmes. The £9.298 billion Public Sector Funding Package for the Games is set to be underspent. The Department is also committed to reflect on what more it can do to present costs in a way that goes further and brings out those costs associated with the Games and the legacy that are not covered by the Funding Package. The notable blemish on planning for the Games was venue security. Also, during the Games a large number of accredited seats went unused at events for which the public demand for tickets could not be met. International sports bodies and media organisations wield a lot of power but demands should be challenged. It is now up to the London Legacy Development Corporation to attract investment in the Olympic Park and generate the promised returns to funders. There is concern that the lottery good causes do not have any clear influence over decisions about future sales, despite these decisions directly affecting how much will be available to them and when. On the wider legacy, we look to the Cabinet Office to provide strong leadership to ensure delivery of the longer term benefits. The Government also needs to do all it can to learn and disseminate lessons and to encourage volunteering opportunities both within sport and beyond

London 2012 Olympic And Paralympic Games by Great Britain: National Audit Office

Title London 2012 Olympic and Paralympic Games
Author Great Britain: National Audit Office
Publisher The Stationery Office
Release Date 2012-12-05
Category Business & Economics
Total Pages 36
ISBN 0102980519
Language English, Spanish, and French
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Book Summary:

In this review, the success of the Games is underlined - the opening and closing ceremonies and 11 million tickets sold, LOCCOG met the challenge of recruiting and deploying 70,000 volunteers and medal targets were exceeded. The review also stresses the importance of building on that success to deliver the promised legacy benefits. The Department for Culture, Media and Sport has managed the £9.3 billion Public Sector Funding Package since 2005. There is likely to be a £377 million underspend, though the final position depends on the accuracy of assumptions about remaining expenditure and will not be known precisely until 2014. The final cost of converting the Athletes' Village, and of settling outstanding contracts with suppliers remains uncertain. Operational costs within the package increased, with £500 million additional costs for venue security. The final cost of the Olympic Delivery Authority's programme to build the venues and associated infrastructure is expected to be around £6.7 billion, compared to the £8.1 billion that was originally available to it. The Cabinet Office now has central responsibility, with numerous organisations responsible for particular aspects of the legacy, for coordinating and assuring delivery of the legacy. Whilst future use of the Olympic Stadium is still uncertain, most venues and facilities on the Olympic Park now have an agreed long-term use and legacy tenant. The NAO also recommends that the valuable skills in project management, contracting and risk management gained by officials who have worked on the Games be deployed on other public sector projects.

Preparing For Sporting Success At The London 2012 Olympic And Paralympic Games And Beyond by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Title Preparing for Sporting Success at the London 2012 Olympic and Paralympic Games and Beyond
Author Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher The Stationery Office
Release Date 2008
Category Olympic Games
Total Pages 40
ISBN 0215522095
Language English, Spanish, and French
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Book Summary:

The Department for Culture, Media & Sport (DCMS) and UK Sport have responsibility for elite sport in the UK. To support goals for London 2012, the Government has agreed a package of funding of over £700 million, while the DCMS will be required to raise £100 million from the private sector. This report follows up recommendations in the Committee's previous report on supporting elite athletes published in July 2006 (HC 898, session 2005-06. ISBN 9780215029768). It was found then that many funded sports had not met their medal targets at the Athens games in 2004. In particular concerns were raised about the way UK Sport measured and reported its own performance and the need for greater clarity about the level of performance required from individual sports in order to secure future funding was highlighted. UK Sport continues to plan on the basis that it will receive all of its funding up to 2012. However there remains a risk that the £100 million from the private sector will not all be raised.On the basis of a report by Comptroller and Auditor General (HC 434, session 2007-08, ISBN 9780102953084) the Committee took evidence from the DCMS and UK Sport on their fudning strategy for medial success at London 2012; their setting of targets and monitoring of progress towards the Games; and their approach to securing wider and long term benefits from elite sporting success.

London 2012 Games by Great Britain. Parliament. House of Commons. Culture, Media, and Sport Committee

Title London 2012 Games
Author Great Britain. Parliament. House of Commons. Culture, Media, and Sport Committee
Publisher The Stationery Office
Release Date 2008-04-30
Category Olympic Games
Total Pages 81
ISBN 0215514777
Language English, Spanish, and French
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Book Summary:

This is the Committee's second report on the preparations for the London 2012 Olympic and Paralympic Games, following its first report which focused on the funding (HC 69-I, session 2006-07, ISBN 9780215032140). The report reviews the funding, the venues and their legacy, the legacy for community sport (increasing participation in sport), and elite sporting performance (medal targets, sponsorship etc). The Committee welcomes many of the achievements to date. The timetable is realistic. The land assembly process is complete, within budget and without significant delay. Major sponsorships have already been negotiated. The budget, though much inflated from the original, is now soundly based. But there is a bewildering array of commitments, promises and plans for using the potential of the Games to increase participation in sport: a comprehensive nationwide strategy is still needed. The ambitious aims from UK Sport for performance in the Games will be good for British elite sport.

Preparations For The London 2012 Olympic And Paralympic Games by Great Britain Parliament House of Commons Committee of Public Accounts

Title Preparations for the London 2012 Olympic and Paralympic Games
Author Great Britain Parliament House of Commons Committee of Public Accounts
Publisher The Stationery Office
Release Date 2010-03-31
Category
Total Pages 35
ISBN 0215553322
Language English, Spanish, and French
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Book Summary:

The Olympic Delivery Authority continues to make good progress with its delivery programme and the main construction projects are on track to be completed in time for testing in early 2011. The Department has committed to delivering the Games within the £9,325 million budget set in March 2007. Most of the budget is for the Olympic Delivery Authority which has done well to control its costs and find savings across its programme, enabling it to absorb additional costs for the Olympic Village and Media Centre projects. These two projects are now being publicly funded, contrary to original plans. While £1,270 million of the original £2,747 million contingency within the Olympic budget now remains and is available to the Olympic Delivery Authority, the majority is earmarked to meet known risks, leaving only £194 million 'headroom'. It may be that not all of the known risks will materialise, but new cost pressures continue to emerge. Staying within the budget also depends on receiving some £600 million receipts from the Olympic Village development. There is the risk of a deficit in the London Organising Committee (LOCOG) and there is no contingency fund in its budget. Some £400 million of the income LOCOG still needs is to come from the sale of tickets. It is still not clear what will happen to major assets, including the Stadium and Media Centre, after the Games, and the consequent timing and value of any reimbursements to funders, including the National Lottery.

Title London 2012 Olympic and Paralympic Games annual report
Author Anonim
Publisher Unknown
Release Date 2008
Category
Total Pages 86
ISBN OCLC:1022994261
Language English, Spanish, and French
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Book Summary:

The annual report explains the latest budget position for each period, and outlines some of the many wider economic and social benefits of the Games to the UK.

Olympic Risks by Will Jennings

Title Olympic Risks
Author Will Jennings
Publisher Palgrave Macmillan
Release Date 2012-05-29
Category Law
Total Pages 263
ISBN 9780230300064
Language English, Spanish, and French
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Book Summary:

The task of governing the Olympic Games and the Olympic movement now takes place in an age in which states and societies are increasingly organized in response to risk. At the heart of the risk management in organising the Olympics is the tension between the inherent riskiness of mega-events, which is attributable to their scale and complexities, combined with immense societal, political and organisational pressures for the management of risk. Over time, too, staging the Olympics has become more complex, and riskier, as a consequence of its growing scale and commercial success. Since the 1980s, a profound transformation has occurred in how the Games are organised and governed, with the increased transfer of risk to the market and the spread of regulation as a mode of governance and the formal practice of risk management across functions ranging from finance to security to critical infrastructures to public health. This book is a unique theoretical and empirical analysis of how the Olympic Games are governed, exploring the challenges and pressures of staging the world's largest event and the recent emergence of the formal practice of risk management as a response of decision-makers to the operational demands and complexities of the Games.

Title Cost and Revenue Overruns of the Olympic Games 2000 2018
Author Holger Preuß
Publisher Springer
Release Date 2018-12-17
Category Business & Economics
Total Pages 184
ISBN 9783658249960
Language English, Spanish, and French
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Book Summary:

In this open access book the cost and revenue overruns of Olympic Games from Sydney 2000 to PyeongChang 2018 from eight years before the Games to Games‐time are investigated to provide a base for future host cities. The authors evaluated the development of expenditure and revenues of the organizing committees to operate the event, and the investment of taxpayers’ money for Olympic venues (non‐OCOG budget). The study is based on data collected worldwide and is currently the most advanced study on cost and revenue changes of Olympic Games.

Mega Events City And Power by Nelma Gusmão de Oliveira

Title Mega Events City and Power
Author Nelma Gusmão de Oliveira
Publisher Routledge
Release Date 2020-10-22
Category Business & Economics
Total Pages 192
ISBN 9780429515842
Language English, Spanish, and French
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Book Summary:

This book examines the power relations that emerge from the convergence of the universe in which the sporting spectacle is produced and the universe in which a city is produced. The book adopts Bourdieu’s concept of field to explore the interests and disputes involved in the production of sports mega-events across different times and spaces, and the role of host cities in these processes. It aims to identify the bases that give these spectacles the power to produce disruptions in the social fabric of the host cities and countries and to enable the production of authoritarian forms of exercising power. By observing the historical constitution of the field of production of sport spectacle as an autonomous field, this book explores how sport mega-events create both an arena and a context for radical expressions of authoritarianism of neoliberal planning models. The book will be of interest to students, scholars, and professionals in architecture and urban studies, urban planning, municipal governance, sport and leisure studies as well as those interested in the relationship between state and capital in the production of urban space.

Title Celebration Capitalism and the Olympic Games
Author Jules Boykoff
Publisher Routledge
Release Date 2013-08-15
Category Sports & Recreation
Total Pages 174
ISBN 9781135938260
Language English, Spanish, and French
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Book Summary:

The Olympic Games have become the world’s greatest media and marketing event—a global celebration of exceptional athletics gilded with corporate cash. Huge corporations vie for association with the "Olympic Image" in the hope of gaining a worldwide marketing audience of billions. In this provocative critical study of the contemporary Olympics, Jules Boykoff argues that the Games have become a massive planned economy designed to shield the rich from risk while providing them with a spectacle to treasure. Placing political economy at the center of the analysis, and drawing on interdisciplinary research in sociology, politics, geography, history, and economics, Boykoff develops an innovative theory of "celebration capitalism", the manipulation of state actors as partners that drives us towards public–private partnerships in which the public pays and the private profits. He argues that the Athens Games in 2004 marked the full emergence of celebration capitalism, with London 2012 representing its quintessential expression, characterized by a state of exception, unfettered commercialism, repression of dissent, questionable sustainability claims, and the complicity of the mainstream media. Controversial, challenging, and forthright, this book opens up a fascinating new avenue for understanding the contemporary Olympics in the context of global capitalist society. It is essential reading for anybody with an interest in the Olympic Games, the relationship between sport and society, or global politics and culture.

Terrorism And The Olympics by Anthony Richards

Title Terrorism and the Olympics
Author Anthony Richards
Publisher Routledge
Release Date 2010-11-23
Category History
Total Pages 272
ISBN 9781136854972
Language English, Spanish, and French
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Book Summary:

The book aims to outline the progress, problems and challenges of delivering a safe and secure Olympics in the context of the contemporary serious and enduring terrorist threat. The enormous media profile and symbolic significance of the Olympic Games, the history of terrorists aiming to use such high-profile events to advance their cause, and Al Qaeda's aim to cause mass casualties, all have major implications for the security of London 2012. Drawing on contributions from leading academics and practitioners in the field the book will assess the current terrorist threat, particularly focusing on terrorist targeting and how the Olympics might feature in this, before addressing particular response themes such as transport security, the role of surveillance, resilient designing of Olympic sites, the role of private security, and the challenge of inter-agency coordination. The book will conclude by providing an assessment of the legacy of Olympic security to date and will discuss the anticipated issues and dilemmas of the future. This book will be of interest to students of terrorism studies, security studies, counter-terrorism and sports studies.

Managing Sport Mega Events by Stephen Frawley

Title Managing Sport Mega Events
Author Stephen Frawley
Publisher Routledge
Release Date 2016-06-17
Category Business & Economics
Total Pages 186
ISBN 9781317633792
Language English, Spanish, and French
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Book Summary:

Managing Sport Mega-Events explores global developments in the management of sport mega-events. Sport mega-events such as the Olympic Games and the Football World Cup have been examined from a number of academic perspectives including history, sociology, politics, urban planning and economics. What is lacking, however, is a book which identifies and evaluates the current issues and complexities faced by those charged with the responsibility of managing these sport mega-events. This book fills the gap. The book addresses three broad but interconnected themes. First, strategic matters are explored focusing on the rise of sport mega-events, the management of stakeholders and governance issues. Second, how organisers can best ensure the sustainable management of sport mega-events is considered. Third, operational matters and related issues are examined including media management, broadcast management, venue management, risk management, marketing and sponsorship management. The book draws on leading international sport management scholars, each of whom has expertise in the organisation of sport mega-events. It makes a valuable contribution to the existing literature.

Circus Maximus by Andrew Zimbalist

Title Circus Maximus
Author Andrew Zimbalist
Publisher Brookings Institution Press
Release Date 2020-06-30
Category Business & Economics
Total Pages 248
ISBN 9780815738626
Language English, Spanish, and French
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Book Summary:

Beyond the headlines of the world’s most beloved sporting events Brazil hosted the 2016 men’s World Cup at a cost of $15 billion to $20 billion, building large, new stadiums in cities that have little use for them anymore. The projected cost of Tokyo’s 2020 Summer Olympic Games is estimated to be as high as $30 billion, much of it coming from the public trough. In the updated and expanded edition of his bestselling book, Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup, Andrew Zimbalist tackles the claim that cities chosen to host these high-profile sporting events experience an economic windfall. In this new edition he looks at upcoming summer and winter Olympic games, discusses the recent Women’s World Cup, and the upcoming men’s tournament in Qatar. Circus Maximus focuses on major cities, like London, Rio, and Barcelona, that have previously hosted these sporting events, to provide context for future host cities that will bear the weight of exploding expenses, corruption, and protests. Zimbalist offers a sobering and candid look at the Olympics and the World Cup from outside the echo chamber.

Title Preparations for the London 2012 Olympic and Paralympic Games
Author Great Britain. National Audit Office
Publisher Stationery Office Books (TSO)
Release Date 2007-01-01
Category Political Science
Total Pages 67
ISBN 010294427X
Language English, Spanish, and French
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Book Summary:

This is the first in a series of National Audit Office reports on the preparations for hosting the London 2012 Olympic and Paralympic Games. It is an early look at the progress that has been made to put in place the necessary delivery and financial arrangements since 2005. Achievements include setting up the Olympic Delivery Authority, the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG), and the Olympic Lottery Distributor. The layout of the Olympic Park has been finalised, nearly all the land has been acquired, and work on the physical site is underway. The Olympic Delivery Authority has published a draft Transport Plan for consultation and is preparing the Olympic planning applications. Proposals for the legacy use and ownership of the venues are developing, along with plans for delivering and measuring the wider benefits of the Games. But the overall cost estimates for the Olympic Park have increased by some £900 million. A number of areas of uncertainty remain and there continues to be no final agreed budget, with implications for budgetary planning and control. Substantial further public funding is likely to be required in addition to the public sector funding package of £2.375 billion that was agreed before the bid. The Government is also to provide £1.044 billion towards the costs of infrastructure on the site of the Olympic Park. LOCOG has a budget of £2 billion for staging the Games. The main areas of risk that need to be managed are: delivering the Games against an immovable deadline; the need for strong governance and delivery structures given the complexity of the project; the requirement for the budget to be clearly determined and effectively managed; applying effective procurement practices; planning for a lasting legacy; the installation of effective progress monitoring and risk management arrangements.

Events Management by Debra Wale

Title Events Management
Author Debra Wale
Publisher CABI
Release Date 2010
Category Special events
Total Pages 252
ISBN 9781780640723
Language English, Spanish, and French
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Book Summary:

The book examines the different aspects of events management. It is divided into three parts. The first part provides an introductory outline of the historical developments and current state of the industry, while also taking into account wider political and cultural issues. The second part of the book concentrates on practical operations management, including planning, project management, marketing, human resource management, health and safety, logistics and funding. Finally, the third part covers critical issues such as impacts, sustainability and legacy of events. Each chapter contains case studies from around the world and review questions, ensuring that the book is a useful learning tool and provides a current and up-to-date view of the industry in this increasingly popular field of study. The publication is designed for students and practitioners in the event sector and has been developed so that readers are able to understand theory and concepts presented through applied examples.