Recommendation 14

We also asked the Department about the new Strategic Indicator Tool covering both financial and non-financial performance that it had been developing since early 2024 to help it determine its risk appetite for each of its arm’s-length bodies, including the museums and galleries.34 It told us that this was an internal tool which sought to pull together more systematically information on financial and risk metrics that it already collected in a more anecdotal and conversational way. It would enable the Department to be more joined up internally in its engagement with these bodies, while the bodies themselves would benefit from not having to provide the same information to different teams within the Department. The tool was currently at the beta stage of development. The Department expected to have it in place later this year as it wanted to ensure that the tool aligned with the outcome of the review of its key performance indicators.35