Agenda item

Phil Rhyder (Swansea Bay City Region Portfolio Management Office Manager) presented an update of the Swansea Bay City Deal (SBCD) Quarterly Monitoring Report for the SBCD Portfolio and its constituent programmes / projects.

 

He specifically provided updates and progress relating to:

 

·         Annex A: Dashboard Quarterly Monitoring.

 

Ø  Programme/Project RAG Status.

Ø  Portfolio Delivery Timetable.

Ø  Portfolio Risk Register.

Ø  Issues Log.

Ø  Covic Impact Assessment.

Ø  Benefits Realisaiton.

Ø  Financial Management.

Ø  Change Management

Ø  Assurance & Audit Reviews.

Ø  Communications & Engagement.

Ø  Procurement Pipeline Summary.

·         Annex B: SBCD Quarterly Monitoring Report (made up of 2 levels with several components).

 

Ø  Portfolio –

o   Communications & Marketing.

Ø  Programmes/Project –

o   Scorecard with status summary.

o   Previous quarter achievements and current quarter planned activities.

·         Annex C: Portfolio Risk Register – Red and New Risks

 

Ø  The SBCD Portfolio risk register captures and monitors key portfolio level risks to the delivery of the City Deal and achievement of its aims and objectives.

 

·         Annex D: Portfolio Issues Log  – Red and New Issues

 

Ø  The SBCD Portfolio issues log captures and monitors key portfolio level issues to the delivery of the City Deal and achievement of its aims and objectives.  RAG status now added to the Issues Log to show level of severity.

 

·         Annex E: Benefits Realisation

 

Ø  The SBCD Benefits Register captures the annualisation of Portfolio benefits for Investment, GVA and Jobs that will be delivered up to 2032/33. Currently awaiting Supporting Innovation & Low Carbon Growth, Bay Technology Centre FTE’s.

·         Annex F: Portfolio Assurance

 

Ø  The SBCD has undertaken a portfolio and 3 project/programme Gateway reviews over the last 12 months.  Gateway Review Delivery Confidence Assessment (DCA) Ratings for each programme/project are shown alongside the scheduled date for the next review.

 

·         Annex G: Construction Impact Summary

 

Ø  The purpose of the combined risk/issues assessment and impact assessment is to highlight and quantify the specific risks/issues currently being experienced throughout the construction industry.  SBCD Programme Board and Joint Committee have requested that all programmes and projects assess their current status and ongoing monitoring with regards the potential impact these construction challenges will have on the successful delivery of the portfolio and the constituent programmes and projects.

 

Resolved that the Quarterly Monitoring Report for the SBCD Portfolio and its constituent programmes/projects be noted.