Reference Class Forecasting for Synergy Programme by Oxford Global Projects
Department for Work and Pensions · Awarded contract
AwardedReference Class Forecasting for Synergy Programme by Oxford Global Projects
Awarded 13 Sep 2023
Awarded13 Sep 2023
Value£70,000.00
RegionUnited Kingdom
CategoryConsultancy & Legal
Ended 3y ago2mo term
Awarded 13 Sept 2023Expired 4 Nov 2023
About
Department for Work and Pensions awarded a contract to Oxford Global Projects UK Limited for the creation of a Reference Class Forecast (RCF) to provide an outside view on the likely outcome of the Synergy Programme, based on actual outcomes of similar projects.
The RCF, recommended by the Infrastructure and Projects Authority (IPA) and in Treasury's Greenbook, aims to reduce bias and support the development of a realistic business case for major investment decisions.
The works consist of two work streams: creating a program reference class from past similar programs and breaking down the program and mapping individual components.
The contract value is £70,000.
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