The State Services Commission has established a panel to provide risk analysis to government agencies to help them manage projects better.
The panel will provide Quantitative Risk Analysis (QRA) services, the SSC says. Government agencies will now be able to access QRA services at a reduced cost from one central point rather than contracting these on an ad-hoc basis, .
"QRA requires rigorous analysis of potential risk events that might impact on costs throughout development of a project," Laurence Millar, deputy commissioner information and communications technology, said today in an announcement. All ICT-enabled business projects assessed as significant enough to be monitored by the State Services Commission and Treasury have been subjected to a QRA of the project costs since 2001. QRA analysis is required by Cabinet and is used as the basis for project appropriations, access to contingency funding and cash draw-downs, the SSC says. "We recognised that government departments needed to access these services in a timely and efficient manner and at a reasonable cost. Rather than individual departments tendering for QRA services, we have pooled resources. The establishment of this panel is a timely reminder to all government departments of the need to carefully manage budget risks," Laurence Millar says. The panel consists of: — Dr Dale Cooper (Broadleaf Capital International NZ Limited)
— Dr Erica Seville (Azimuth Consulting Limited)
— Dr Stephen Grey (Broadleaf Capital International NZ Limited)
— Geoffrey Raymond (Broadleaf Capital International NZ Limited)
— Malcolm Lane (Lane Associates Limited)
— Michael Wood (Broadleaf Capital International NZ Limited)
— Tim Bartram (Maven International Limited)