What Deloitte has delivered
Critical path revision
SYOGOC approached Deloitte to review the critical path for the inaugural Youth Olympic Games, as they acknowledged that an independent third party review would be beneficial. The review could also highlight any missed dependencies when the first version of the critical path was delivered. Clearly, the outcome of the review proved to be very resourceful for SYOGOC. After Deloitte delivered an enhanced version of the critical path, together with an updated Master Schedule plan which tracked all dependencies, the team was subsequently requested to deliver a new roadmap with all the enhancements implemented.
SYOGOC roped in Deloitte to develop a dissolution plan for the Singapore Games. Deloitte initiated the project by conducting a series of interviews with representatives from all functional areas in SYOGOC to capture all post Games activities anticipated within each functional area. At the end of the project, Deloitte delivered a dissolution plan comprising a roadmap for the entire organisation and for each division. An initial estimate of resources required past Games has also been made available to SYOGOC.
Deloitte was appointed by SYOGOC to provide financial advisory and assist them in various commercial aspects of organising the Games, including opening of bank accounts, participating in finance due diligence meetings with the International Olympic Committee, and reviewing certain requests for proposals for fair commercial terms and compliance with tax legislatures. Deloitte worked closely with SYOGOC to ensure high standards of corporate governance and compliance, and provided significant value with the internal controls review and compliance check for the sponsorship operations manual and finance manual.
SYOGOC approached Deloitte to conduct an internal audit of its fixed assets processes, procurement and payment processes, and revenue processes. Deloitte’s approach is to leverage on its sport business experience, and its knowledge on tradition risk consulting to deliver true value to SYOGOC. Through a range of services, Deloitte delivered more than auditing the internal processes for SYOGOC. Risk techniques were used to help them address control deficiency issues, and increase the effectiveness of internal controls.
Service level analysis
SYOGOC engaged Deloitte to analyse the service levels for all the different client groups to ensure delivery of a seamless client group experience. Deloitte consolidated all existing service levels that were documented within the 43 functional area plans to identify inconsistencies, gaps and issues. A service level template and a client journey were subsequently developed for each client group to facilitate implementation of a consistent client group experience.
Deloitte was tasked by SYOGOC to provide advisory on the Singapore tax implications on transactions taking place between SYOGOC and the other Singapore 2010 stakeholders. The focus was to ensure that SYOGOC and the other stakeholders understand the tax implications involved for the transactions taking place, hence avoiding unnecessary delay from potential tax issues, while ensuring tax efficiencies are gained from the transactions.