Source · Select Committees · Public Administration and Constitutional Affairs Committee
Recommendation 21
21
Project data should be reported in ranges, which reflect quantified risks to costs and timescales.
Conclusion
Project data should be reported in ranges, which reflect quantified risks to costs and timescales. The IPA should start reporting ranges for any newly-approved projects immediately, and HM Treasury should state an expectation that projects going through Treasury Approval Processes (TAP) present ranges as a default.. (Paragraph 92) Delivering the Government’s infrastructure commitments through major projects 35
Government Response
Acknowledged
HM Government
Acknowledged
Government’s aim is to ensure projects are not locked into unrealistic point estimates when announcements are made, and projects use ranges when presenting costs and schedules. This was requested in the last quarterly Government Major Projects data return from departments who have reported costs and timescales as ranges. The IPA is working with departments to refine and provide guidance on this new way of reporting. The IPA is currently strengthening the assurance regime to deepen its impact, including refining its processes to make more use of the project data to inform reviews.