New Scottish Capital Investment Manual Final Consultation Paul
- Slides: 16
New Scottish Capital Investment Manual Final Consultation Paul Mortimer Asset Management Policy Advisor
Readiness for Consultation: • • • Imminent launch of SCIM consultation Soft launch made documents available Feedback has resulted in further updates Boards will need to co-ordinate their responses Depending on feedback: • Workshop review event • Final updates • Launch new SCIM
What we set out to do: Just a refresh to. . . • Improve language, structure & readability • Greater emphasis on service based need for change • Make adaptable to FS 2, hub & NPD procurements • Align with Construction Procurement Review • Align with any changes to Greenbook • Consider scalability for smaller projects • Apply lessons learnt from previous projects & business cases
SCIM Investment Cycle Service Planning Project Monitoring & Evaluation (PME) Local Delivery Plan (LDP) Property & Asset Management Strategy (PAMS) Construction Full Business Case (FBC) Strategic Assessment (SA) Outline Business Case (OBC) Initial Agreement (IA)
Updates since Soft Launch
SCIM Process Diagram
Strategic Assessment: • No changes to current draft • Boards are reminded that: • It is more than a form to fill in • Better ones suggest greater commitment • Needs to be a collaborative process • Further emphasis on this in 2017
Initial Agreement: • • Further update prepared Starts with current arrangements, then case for change More emphasis on narrative before summary tables Boards are reminded that: • Be upfront what project is about • Emphasis on strategic & service options • Need project specific benefits & risks • Avoid generic statements • Back up case with available evidence • More than one solution can be taken to OBC
Outline Business Case: Changes to Strategic Case to align with revisions to IA: • Have the current arrangements changed? • Is the case for change still valid? • Is the choice of preferred solution(s) still valid? • Need summary even if no changes • More complex projects may provide more detail
Outline Business Case: Changes to Economic Case & Option Appraisal Guide: • Minor drafting changes • Suggested use of Design and Whole Life Procurement dashboard to present results • Boards are reminded that: • Vfm of implementing strategic / service solution(s) • GEM model recommended for economic appraisal • Optimism bias calc still needed • Final selection is a judgement based on assessment results
Outline Business Case: Changes to Commercial Case: • Minor drafting changes • Reference to NPD removed • Boards are reminded that: • Need to include series of different procurements • Proposals in OBC to be confirmed in FBC
Outline Business Case: Changes to Financial Case: • Further redraft carried out • Formatted to align with other SCIM documents • Example template incorporated into body of guidance • Boards are reminded that: • Needs to be overseen by Finance Director
Outline Business Case: Changes to Management Case: • Minor drafting changes • Key roles & responsibilities aligned to ‘Baseline skillset for construction procurement’ • No changes to separate Benefits Realisation & Risk Management guides • New Project Monitoring & Service Benefits Evaluation guide • Boards are reminded that: • Operational Change Plan to include service change plan
Full Business Case: Changes to Full Business Case: • Updates to align with changes to OBC • Boards are reminded that: • Proposals in OBC to be confirmed in FBC • To demonstrate readiness to sign contract
Next Steps: • • • Revised documents to be uploaded to SCIM website Look out for consultation notice Boards to identify SCIM lead Minimum 6 week consultation process Formal launch by end of year (? )
Any Questions? paulmortimer@nhs. net SCIM: final consultation Paul Mortimer Asset Management Policy Advisor
- Scottish capital investment manual
- Mhra
- Fixed investment and inventory investment
- Working capital investment example
- Factors that complicate capital investment analysis
- Working capital investment example
- Factors that complicate capital investment analysis
- Capital investment decision
- Making capital investment decisions
- Capital investment analysis is the process
- Factors that complicate capital investment analysis
- Investment banking vs capital markets
- Nwc change
- Chapter 10 making capital investment decisions
- Making capital investment decisions
- Chapter 10 making capital investment decisions
- Paul's final journey to rome