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development through partnership. Infrastructure Delivery Management Toolkit: 2010 Edition Delivery Process 1: Portfolio Management Introduction Sonny Schmidt. Overview of Portfolio Management.
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development through partnership Infrastructure Delivery Management Toolkit: 2010 Edition Delivery Process 1: Portfolio Management Introduction Sonny Schmidt
Overview of Portfolio Management “Infrastructure networks, ... represent a vast investment, made over many generations ... that support the fabric of modern living in our communities. It is important that we employ the very best management skills and practices to ensure that related services are delivered economically and sustainably.” (IIMM v3 2006)
Overview of Portfolio Management “Portfolio Management is concerned with doing the right work” (Standard for Portfolio Management 2006 - PMI)
Statutory Requirements for Portfolio Management (1) • PFMA Section 38 (1): • “ .. evaluating all major capital projects ..” • “..effective, efficient, economical and transparent use of resources..” • “.. safeguarding and maintenance ..” • Chapter 5 of Treasury Regulations: • Prepare and submit a strategic plan and APP for MTEF period annually
Statutory Requirements for Portfolio Management (2) • GIAMA: • U-AMP: • Reviewed, submitted annually • Strategic needs assessment • C-AMP • Reviewed, submitted annually • Life cycle management plan for assets • OHS: Operations and Maintenance requirements
Standards and Guidelines • International Infrastructure Management Manual (IIMM) • Standard for Portfolio Management (PMI) • Standard for Programme Management (PMI) • GIAMA Guides for Asset Management Plans
TheIDMS DP1: Portfolio Management Prov Infr Strat DP1-1 Infrastructure Planning DP1-2 Programme Management Develop U-AMP (including prioritised MTEF works list) Develop C-AMP (including work plans) Dev Proc Strat Develop/review IPMP Manage Implementation G1(a) G1(b) G2 PC1 PF1.3 PF1.4 PF2.1 PF2.2 PF2.3 PF3 PF4 PF5 DP2: Project Management DP2-1 Planning (Develop IPIP) DP2-3 Works DP2-4 Close Out DP2-2 Design Package prep Package definition Works planning Design developt. MFC Info Con/Del works Handovr works Project Close Out Update Asset Register G4 G5 G6(a) G6(b) G7 G8 G3 PC2 PC3 PC4a PC5 PC4b T1 T2 PF1.3 PF1.4 PF2.1 PF2.2 PF2.3 PF3 PF4 PF5 DP3: Operations & Maintenance DP3-1 Recognise & accept assets DP3-2 Mobilisation for Facilities Mgt DP3-3 Operations DP3-5 Demobilise Facilities Mgt DP3-4 Maintenance G8 PF1.3 PF1.4 PF2.1 PF2.2 PF2.3 PF3 PF4 PF5
Portfolio Management Handover of constructed, upgraded or rehabilitated asset Project Management Operation and Maintenance Management Feedback from Projects in Progress Feedback from Operations and Maintenance
Benefits of Portfolio Management • Strategic Alignment • Improved Stakeholder Management • Good Governance • Legislative Compliance • Consistent Reporting • Improved Risk Management
Conclusion • Portfolio Management is a continuous process • Reports are snap shots at specific times • Collaboration with custodian - develop • Document work – institutionalisation, transfer lessons learned