A Capital Evaluation Model is an organisation's methodology for project prioritisation.
At Manningham capital works proposals are generally initiated through either a community or Council request, an identified strategic asset management need, or through a strategic planning process in response to a community service need. The resulting infrastructure will generally support the delivery of a service, enhance amenity or maintain the usefulness of an asset. Council is a service driven organisation and, therefore, capital investment decisions should be aligned to Council’s strategic goals and objectives.
Council Plan Alignment / Evaluation Criteria
| Key Areas | Community health, safety and cultural diversity | Service needs and accessibility | Management of existing Council assets and systems | Environmental amenity and Environmentally Sustainable Design (ESD) Initiatives | Economic growth and economy | Well Governed | Financial responsibility and sustainability | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weighting | 15% | 15% | 15% | 15% | 15% | 10% | 15% | |||||||
| 6 | Will significantly improve the health, safety or well being of the community, and greatly enhances or protects the cultural diversity and harmony | Will significantly enhance opportunities for services and facilities that meet community needs, or increase community use | Significantly extends the life and/or functionality of an existing Council asset or system, in line with Council’s Asset Management Strategy. | Significantly protects / enhances the natural environment, and / or significantly minimises environmental impacts | Will have a significant positive effect on local employment, tourism or other elements of economic growth | Significantly increases positive outcomes for our customers, people, organisation or future readiness of the City through an improvement or innovation that mitigates risk and pursues best practice | Is financially responsible and sustainable, and provides high value for money, or short term (1 to 5 yr) return on investment to Council or community | |||||||
| 4 | Will improve the health, safety or well being of the community, and enhances or protects the cultural diversity and harmony | Will enhance opportunities for services and facilities that meet community needs, or increase community use | Somewhat extends the life and/or functionality of an existing Council asset or system, in line with Council’s Asset Management Strategy. | Protects / enhances the natural environment, and / or minimises environmental impacts | Will have a positive effect on local employment, tourism or other elements of economic growth | Increases positive outcomes for our customers, people, organisation or future readiness of the City through an improvement or innovation that mitigates risk and pursues best practice | Is financially responsible and sustainable, and provides reasonable value for money, or medium term (5 to 10 yr) return on investment to Council or community | |||||||
| 2 | Will somewhat improve the health, safety or well being of the community, and somewhat enhances or protects the cultural diversity and harmony | Will partially enhance opportunities for services and facilities that meet community needs, or increase community use | Maintains the life and/or functionality of an existing Council asset or system, in line with Council’s Asset Management Strategy. | 1Marginally protects / enhances the natural environment, and / or marginally minimises environmental impacts | Will have a small positive effect on local employment, tourism or other elements of economic growth | Slightly increases positive outcomes for our customers, people, organisation or future readiness of the City through an improvement or innovation that mitigates risk and pursues best practice | Is financially responsible and sustainable, and provides some value for money, or long term (10 to 15 yr) return on investment to Council or community | |||||||
| 0 | Will not improve the health, safety or well being of the community, and does not protect cultural diversity and harmony | Will not enhance opportunities for services and facilities that meet community needs, or increase community use | Does not maintain or improve an existing Council asset or system. | Does not protect / enhance the natural environment, and / or minimise environmental impacts | Will not effect on local employment, tourism or other elements of economic growth | Has a neutral effect on outcomes for our people or organisation performance, customer experience, mitigating risk or future readiness of the City | Is financially responsible and sustainable, but does not provide value for money, or return on investment to Council or community | |||||||
| -2 | Will negatively impact on the health, safety or well being of the community | Will decrease opportunities for services and facilities that meet community needs, or decrease community use | Will be detrimental to an existing Council asset or system. | Threatens the natural environment, and / or increases environmental impacts | Will have a negative effect on local employment, tourism or other elements of economic growth | Detracts from positive outcomes for people or organisation performance, customer experience, mitigating risk or future readiness of the City | Is not financially responsible or sustainable, does not provide value for money, or results in a negative return on investment |
VH = 2
H = 1.5
M = 1.25
L = 1
N = 0.5