Investment Prioritisation Tool
Elevate Management Consulting (Elevate) were engaged by a large Council to assist with developing an investment prioritisation tool that would provide complete transparency and an independent quantitative view of where capital should be spent.
Service
Commercial
Industry
Local Council
What were the key challenges the client was facing?
A series of challenges needed to be addressed, including:
- An inability to rank competing priorities amongst the community and within the business
- Difficulty in prioritising investment across asset classes
- Outsized importance of qualitative information in the assessment of priorities
- Personal bias being applied in investment selection.
What was delivered?
In consultation with the client, Elevate were able to deliver an interactive Microsoft Form which integrated with a Microsoft Excel spreadsheet and utilised a range of weighted formulas to rank investment priorities across asset classes.
The solution took a range of factors into account including, location, safety and compliance, asset type, asset utilisation and asset useful life. The tool was able to provide the Council with a data driven assessment of all opportunities which guided councillors investment decisions.
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