Die Oracle-Cloud-Migrationsrechnung der Bank of England verdreifacht sich, während das Projekt voranschreitet

> The Bank of England has trebled the amount it is spending on its Oracle systems integrator amid efforts to migrate business applications to the cloud.

> The UK’s central bank has planned the move since 2020, and a recent procurement note revealed it has increased financial outlay with Oracle implementation partner Version 1 to £21.5 million after initially tendering the contract for £7 million.

> Version 1 was hired to „support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change program,“ according to the official documents.

> The latest increase is due to an amendment to the Bank’s Application Management Service contract, including the „need for additional works, services or supplies“ that „were not included in the initial procurement,“ the notice says.

> The latest increase is the second time the 330-year-old institution has upped the contract value. The procurement was first advertised for £7 million ib 2022, and, after a competition, it was awarded to Version 1 for £8.7 million in September 2023.

> In February last year, that figure was inflated to £13.8 million, with the bulk of the increase attributed to „amended implementation methodology, from a two-phase approach, to a multiple-phase approach with Oracle Modules going live based on the Bank’s priorities.“

Quite typical when everyone wants everything without being able to articulate what they want. System requirements are supposed to be mapped and documented, but no one checks and clarifies them, everyone just says “fine” or “well sort it later “ and here we are: triple the price due feature creep.

If I ever get in power anyone who has ever even mentioned the word oracle in a meeting is getting sacked.

The bank of England in particular should be able to run it’s own infrastructure