New framework optimises investment and delivery of projects and programmes

A new Investment Management Framework has been designed to ensure that when it comes to project and programme delivery, ‘best practice’ at Fire and Emergency is easy to find, understand and apply. Our new policy defines what is considered a project or programme.

Currently, we are not as good as we need to be in the delivery of projects and programmes, meaning we don't get through as much as we could and don't always reach the goals we aim to achieve.

The portfolio part of the framework will provide consistency to how we consider and manage our investment choices so that we are committing to projects that make the most difference. The framework makes investment funding decisions robust and transparent.

An investment starts with an idea. You may face a problem or seek to optimise the way something is done. The project part of the framework will assist you in defining and delivering projects that will address the problems and deliver on the opportunities.

The Investment Management Framework helps to guide and support those in project governance roles. The framework will be accompanied by guidance and ongoing development so that you can be confident that you can take on any governance task.

Our framework can be tailored to the complexity of a project. While the framework must be used for larger projects, it has been designed so that the same logic can be applied to investment of any size at Fire and Emergency.

Like all frameworks, it is designed to help you think your way through what you are trying to do. The Investment and Portfolio team are available to help provide clarity around each step and support your use of the framework.

Let us show you around the Investment Management Framework.

If you'd like to know more, check out the Projects and programmes page on the Portal.