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Making strategic decisions using Prioritisation

13 June 2023
Post Eight_ Making strategic decisions using Prioritisation

Strategic decision-making is key to achieving long-term goals and success! It’s about making the right choice at the right time with the right tools. For example, imagine you’re running late for a meeting and there’s an accident on your usual route. If you don’t check your GPS, you could end up sitting in traffic for hours, causing you to be unproductive for the rest of the day. By using the GPS, you could have avoided the accident completely thus using a tool to make a strategic decision. There are many reasons to make strategic decisions such as organization learning, focusing on long-term objectives, and using systems for smarter outcomes.

One way of making strategic decisions is by the using the process of prioritisation. Prioritisation is a key strategic decision-making tool that can help municipalities allocate resources effectively to achieve their goals. When a municipality faces multiple projects that require attention, it becomes necessary to prioritize them to ensure that the resources are used most effectively. Prioritisation helps in understanding which projects have the highest impact and which ones are more urgent.

Prioritising projects can also help a municipality avoid wasting resources and time on less important projects. By focusing on the most important projects, they can allocate their resources effectively and ensure that they are making the most of their limited resources.

Furthermore, prioritisation ensures that the municipality is more transparent and accountable to its stakeholders. The stakeholders can see how the municipality is Prioritising its projects and can provide feedback on whether they agree with the priorities or not. This can help build trust between the municipality and its stakeholders.

Ultimately, prioritisation is an essential tool for municipalities to achieve their objectives. It helps to ensure that they are allocating their resources effectively, avoiding waste, and building trust with their stakeholders. So, if you are a municipality or involved in a project that requires prioritization, connect with us so we can enable you with CP3 to ensure you making the right strategic decisions to achieve success in your IDP journey.

#Novus3 #AdvisoryServices #CP3 #Budgets #SoftwareSolutions #PeopleOrientated #LetsMakeADifference #CEF #Capex #ValueAdd #CP3Modules #CP3Functions

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Capital investment prioritisation

Novus3’s innovative and celebrated approach to prioritsation, stems from significant multi-disciplinary experience that was gained in-situ at local government level, firmly rooted in an understanding of the built environment. Through the use of the CP3 system, our clients have the ability to appraise large and complex capital demand requirements within minutes, resulting in defendable, evidence based budgets. The results are often challenged and stress tested by politicians during political debates – the process therefore repeatedly have been proven to be beyond reproach and consistently reliable.

IDP Process Plan and change management

Novus3 provides advisory services to our clients, supporting them in setting up the correct structures and mechanisms internally which becomes the basis for sustainable and collaborative planning and implementation. The IDP process plan has a number of inter-related complexities that plays out on a cyclic basis year-on-year. Pre-empting and reacting to upcoming requirements in the IDP process pro-actively, renders the process into a constructive and demonstratable outcomes-based process.

Public sector budget and fiscal impact simulation

The financial management of public sector funding at local government level, even on a small scale, often rivals the complexity encountered at huge, listed, multi-national companies in the private sector.. Local governments have to operate and make smart financial decisions within a complex and exceedingly stressful environment. Compliance with legislation, policy frameworks and accepted accounting practices have to be maintained. Simulating these complexities allows our financial executives to ask “What if?” questions and reliably peer into the future with a long-term understanding of the implications of decisions that are taken in the present.

Spatial Development Frameworks

Novus3’s specialised knowledge and access to bespoke and purpose-made spatial and other analytic tools, provided the company with the opportunity to develop unparalleled experience in the development of Capital Expenditure Frameworks (CEFs) by bringing a practical angle to the formulation of implementation plans. A realistic roadmap is provided on how to realise the objectives developed in the Spatial Development Frameworks of the municipalities where we were involved. In return for the development and submission of these CEFs, these municipalities were awarded with significant additional funding from central government.

Built Environment Performance Plans

As part of the National Treasury City Support Program, Novus3 was regarded as specialist advisors on the built environment value chain – a process embedded in Built Environment Performance Plans (BEPPs). BEPPs were intended to form the bedrock of municipal capital planning and management for larger cities (metros). Novus3’s specialist knowledge played a big role from an advisory and capacity building perspective during the development of a number of BEPPs that were developed for a number of metros.

Infrastructure Capital Investment Plans

Infrastructure investment has to find a balance between addressing historical backlogs and inequalities, maintaining satisfactory prevailing functionality and level of service and strategically investing in unlocking future opportunities and growth whilst acknowledging a plethora regulatory constraints, policies and rules. In the process, certain strategic outcomes are sought which may manifest spatially strategically or environmentally. Our infrastructure capital investment plans provide the strategic guideline and provide the recommendations to find this balance.

Capital Expenditure Frameworks

Novus3 has developed multiple capital expenditure frameworks (CEFs) for multiple municipal clients and are regarded as the sector leaders in this area. These CEFs are financial roadmaps providing clear direction on financial constraints, the most important capital and investment priorities, an understanding of the unique local fundamentals and a sustainable response to these multiplicity of challenges.

Project preparation processes

The efficient planning and execution of projects from the moment of idea conception until the last brick has been laid has been the subject of study from as early as the reign of the Roman Empire. The governance process within the public sector has to play an important role in the journey of project preparation. The under-expenditure of allocated funding regrettably is often the only element in the built-environment that consistently re-occurs. All too often, funding is allocated to projects that simply are not ready to proceed to the next step. Novus3’s CP3 system is used to aid clients in the progressive steps involved in the project preparation journey.