Provision of External Support to Project Data Analytics
key details
| Status | complete |
|---|---|
| Category (CPV) | 72316000 |
| Procedure | limited |
| OCID | ocds-h6vhtk-03345f |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| Foresight Works Ltd | · | · | active |
description
| • | Advise and peer review the Department’s optimism bias policy. Advise and peer review the Department’s approach to cost growth and cost escalation. |
| • | Introduction of a reference class forecast for Defence projects, to prevent approval of overly optimistic projects. |
| • | Conduct Reference Class Forecasting (RCF) on a minimum of 100 projects/programmes to provide benchmarking and forecasting on live and future MOD projects, enriched with RCF data from projects from around the world (e.g., US DOD). |
| • | Develop detailed RCF from comparing individual project work breakdown structures. |
| • | Identify solutions to blocks in the Department’s current data landscape that prevent end-to-end oversight of projects from Head Office to suppliers. |
| • | Run two experiments on selected and agreed MOD programmes to better understand cost and schedule gaps by mapping granular project-level data from the various fragmented systems for domains such as cost and time etc and applying pre-built unique Artificial Intelligence / Machine Learning (AI/Ml) algorithms. |
| • | Propose solutions that can help the Department move from descriptive analytics to predictive analytics with portfolio data. |
The above will provide the MOD with better Project Delivery Data Analytics such as:
| a. | Enhanced LFE to support forecasting at project initiation and through life. |
| b. | Reduced cost of projects – delivering more for less. |
| c. | Reduced duplication of work across common projects. |
| d. | Improved delivery performance and confidence. |
| e. | Continuous improvement. |
| f. | Improved pan-MOD and MOD-Industry collaboration. |
| g. | Increased transparency. |
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 5 May 2022 | Voluntary ex-ante transparency (F15) | Earlier regulations | 011714-2022 |
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