Embraced the audit, and is actively working on improving their processes. Right now there is a meeting going on where the Strategic Plan i shared with you is going into what we call a deep dive, so we are actually working with each one of the divisions and reviewing each individual project and have that dashboard, color coded dashboard to review and im aware where each project is. Thank you for the opportunity to present and i certainly look forward to working with all of you on Technology Projects for the city. So, im happy to answer any questions. Thank you, linda. Colleagues . I do have a few questions. So, thank so much, for presenting today. And it feels like you know, theres quite a bit of work that needs to be done, but im glad that we are moving towards a process of addressing it. I had, i wanted to bring up somewhat separate concern, although related to this audit, which is expense of our licensed Software Usage here in San Francisco and i know i bring this up all the time at
Their processes. Right now there is a meeting going on where the Strategic Plan i shared with you is going into what we call a deep dive, so we are actually working with each one of the divisions and reviewing each individual project and have that dashboard, color coded dashboard to review and im aware where each project is. Thank you for the opportunity to present and i certainly look forward to working with all of you on Technology Projects for the city. So, im happy to answer any questions. Thank you, linda. Colleagues . I do have a few questions. So, thank so much, for presenting today. And it feels like you know, theres quite a bit of work that needs to be done, but im glad that we are moving towards a process of addressing it. I had, i wanted to bring up somewhat separate concern, although related to this audit, which is expense of our licensed Software Usage here in San Francisco and i know i bring this up all the time at the Board Meeting when we have licensed software contract
So another way that d. T. Recovers costs is through what ill call projectbased work orders. So, this is funding that is to Cover Service requests that cant be accomplished within the baseline recoveries. However, as i just said, no definition for whats in Baseline Services so its really up to the d. T. Division managers when they get a Service Request to determine whether or not it can be accomplished in their baseline budget. And so we reviewed these project work orders, and we found that less than half had any documentation that would describe the work effort or the schedule or the basis for costs, and even when that documentation was available, it was often missing such key information, and this is just inconsistent with the work order guidelines and makes it difficult for the department to plan and prioritize work. Finally on financial management, we had findings related to contracting. So, as you know, d. T. Manages several citywide contracts for i. T. Services, but until the end
To find out whether those that it owes money to will throw them a lifeline or claw the money back at any cost. Steinhoff may not be a household name to you. Let me give you a bit of background. Its origins are in the furniture business in germany in the 60s. But its now a global giant, with brands across europe and the us. Alarm bells were ringing last week when it failed to publish its financial results. What we did learn is that its grappling with a seven billion dollar hole in its finances. Little wonder that the regulators are now taking a look. The value of shares is down 80 since the news broke, as investors stampeded for the exit. The scandal has claimed the scalps of both the chairman and the chief executive. Those that gave the Company Money to help it expand are now exposed lerato mbele has been following the story from johannesburg. Lerato, this is a huge corporate scandal, lots of people are saying this is perhaps the biggest thing we have seen on thejohannesburg stock exch
Set to get the green light. Well assess the possible impact. And well be getting the inside track on the changing world of cinema. The global audience for traditional theatres is dwindling, so will new ways of watching movies lure us back to the Silver Screen . Today we want to know, are you a fan of the cinema experience or is streaming your movie the only way to go . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. Lots to fit in today. The future of the South African retail group, steinhoff, hangs in the balance. Its battling a huge accounting scandal. Today, the retailer is meeting its lenders here in london, to find out whether those that it owes money to will throw them a lifeline. Its origins are in the furniture business in germany in the 60s. But its now a global giant, with brands across europe and the us such as conforama and poundland. Reflecting the global deal making, the company has at least 200 subsidiaries and affiliates and is dutch re