Anglian Water - Cost Capture

The Cost Capture module has recently been implemented at Anglian Water as a fully-integrated module of Investment Manager.  The new functionality enables Anglian Water’s internal users and their contractor partners to disaggregate outturn project costs against a defined asset hierarchy.

This functionality, combined with previous Anglian Water specific enhancements, completes the loop for project costs to provide an industry-leading integrated costing system.  Project outturn costs are captured, analysed using statistical analysis to derive cost models, stored within a model library, selected to price new projects and then their project outturn costs captured.  As this is performed in a single application, complete linkage is maintained between estimates, cost models and the actual data used to derive the cost models.

In common with all aspects of the investment process as supported by Investment Manager, a full audit trail is provided to enable demonstration of the provenance of all data.

Its use enables Anglian Water to conduct the collection, recording, analysis and use of costing information as a continual, ‘day to day’ activity.  This means that the business is able to clearly show that cost estimates are based on the analysis of actual costs of recent, similar projects - essential to demonstrate the rationale behind its commercial delivery models and regulatory submissions.