Continuous improvement in capability to formulate a longer-term integrated approach to asset investment planning and delivery
At price review 2019 (PR19)—when companies set out business plans for the next five years as scrutinized by the water industry economic regulator, Ofwat—Thames Water (TW) also had a longer-term ambition of embedding asset and business planning as a business-as-usual activity across their organization.
To support TW’s preparation, Stantec led an eight-week project definition phase with the aim of validating challenges ahead, determining how and where eight2O—a supply chain alliance—could best add value to the business plan preparation and submission, and determining the necessary costs and resources required. Our main challenge was the tight programme timeline in which multiple elements were reviewed, where each element needed to be aligned to TW’s own developing agenda. We used the project outputs to support the initial development of TW’s bottom-up business plan, embedding a long-term approach outside of the price review process.
This more efficient approach to business planning at PR19 saved Thames Water several million euros and focuses on delivering a cost-effective service and sustainable water and wastewater services for customers.
We're better together
Become a client
Partner with us today to change how tomorrow looks. You’re exactly what’s needed to help us make it happen in your community.Contact Us
Design your career
Work with passionate people who are experts in their field. Our teams love what they do and are driven by how their work makes an impact on the communities they serve.Join the Team