2018 Report details for project: Sellafield Model Change (SMC)

Project name: Sellafield Model Change (SMC) - there are 4 reports for this project: 2016, 2017, 2018, 2019
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Organisation: BEIS (D1198) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Transformation - see all reports for this category
Description: Changing the model for engaging the private sector at the Sellafield Site from the current Parent Body Organisation model to a new Market Enhanced Site Licenced Company characterised by public sector retention of the uncertainties intrinsically associated with Sellafield.
DCA (RAG): Amber/Green
DCA text: This complex programme of work is progressing well, completing its consolidation phase in line with the original 12-18 month estimate and setting out plans for transforming the Sellafield business. Engagement with Government regarding Sellafield Model Change (SMC) has been improved through the establishment of an SMC Engagement Group which meets regularly to consider the requirements of Government in light of the progress made. Plans have been developed to bring an update on the Outline Business Case to Major Projects Review Group in 2018, and Nuclear Decommissioning Authority are working with Government representatives to ensure that this update sets out the progress made in delivery, as well as setting out the plans for safeguarding the future delivery of benefits within the established subsidiary Model.
Start date: 2015-01-13
End date: 2017-05-24
Schedule text: In 2014, the original Sellafield Model Change programme set out four tranches (decision, transition, consolidation and transformation). The programme of work has now completed its consolidation phase with the plans for transformation at Sellafield receiving approval from the Sellafield Board, within the original 12-18 month estimate set out in SMC. The overall approach to transformation at Sellafield is making good progress towards delivering real impact in FY 17/18, and continuing work to deliver change within the organisation to deliver against the stated SMC benefits
Baseline: £2,341.70m
Forecast: £2,260.70m
Variance: -3.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £30,011.20m
WLCost text: The budgeted whole life costs relate to the whole of Sellafield Site costs to the end of financial year 2028/29 and our forecast RDEL and CDEL numbers reflect the allocation of funding to Sellafield from the NDA's Spending Review (SR) settlement agreement. Costs are calculated in real terms, indexed to 2014.
Notes1: Sellafield Model Change (SMC)
Sourcefile: IPA_2018.csv

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