G4S – lessons learned?

G4S today published the findings of a PwC review into the London Olympic and Paralympic Games security contract with the company.

"The monitoring and tracking of the security workforce, management information and the project management framework and practices were ineffective to address the scale, complexities and dependencies of the Olympic contract. Together this caused the failure of the company to deliver the contract requirements in full and resulted in the identification of the key problems at a very late stage."

What conclusions would AccountingWEB members draw from PwC’s report into the security failings of G4S during the Olympics?

What kind of management information would the board have sight of? What remedial advice would you recommended?