Framework for Expenditure Decision Making: Self-assessment Methodology
Abstract
This report outlines a methodology to allow UK water companies to undertake self-assessment of maturity against the UKWIR Framework for Expenditure Decision-making (2014), and incorporates an Excel-based self-assessment tool. The structure of the tool mirrors that of the FEDM, and provides contextual information and questions to allow effective assessment against each of the Level 2 Framework steps. Users are able to assess capability at Company level, by Price Control or by asset type categories. Following self-assessment, scores and radar plots can be reported graphically.
The methodology and tool also provide an option to map scores to company specific Outcomes and Performance Commitments, and highlight overlap between the FEDM steps and ISO 55000 clauses.
Publishing
UKWIR Reference:- 15/RG/05/44 | Published Date:- 18/09/2015 |
Retail Price (£):- 10 | ISBN:- 1 84057 790 8 |
Supporting Material
 | UKWIR FEDM Self-Assessment Tool |
| Framework for Expenditure Decision-making Self-assessment Methodology – Appendices | This report outlines a methodology to allow UK water companies to undertake self-assessment of maturity against the UKWIR Framework for Expenditure Decision-making (2014), and incorporates an Excel-based self-assessment tool. The structure of the tool mirrors that of the FEDM, and provides contextual information and questions to allow effective assessment against each of the Level 2 Framework steps. Users are able to assess capability at Company level, by Price Control or by asset type categories. Following self-assessment, scores and radar plots can be reported graphically. The methodology and tool also provide an option to map scores to company specific Outcomes and Performance Commitments, and highlight overlap between the FEDM steps and ISO 55000 clauses. |