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Awarded contract
Published 13 Oct 2023

ecm_11487 - Reference Class Forecasting

Department for Work and Pensions · London

Key facts

Contract value
£70,000
Awarded
05 Sep 2023
Contract starts
13 Sep 2023
Contract ends
04 Nov 2023
Procedure
Single tender action (below threshold)
Buyer type
Central government

Awarded to

SupplierValue
OXFORD GLOBAL PROJECTS LIMITED£70,000

Description

The creation of a Reference Class Forecast (RCF) by Oxford Global Projects (OGP) will provide the Synergy Programme with an outside view on the likely outcome of the programme, based on actual outcomes of similar projects.

An RCF is recommended by the Infrastructure and Projects Authority (IPA) and in Treasury's Greenbook as it can reduce bias and support the development of a realistic business case to underpin major investment decisions.

The proposed works consist of 2 work streams: 1. The creation of program reference class based on past similar programs. 2. The break-down of program and mapping of individual components.

Categories (CPV)

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