ARCHIVED - Investment Plan 2010/11 -2014-15

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Conclusion

In order to better communicate our asset management and investment planning picture in a more holistic and integrated manner, CCG has implemented an initiative to update its planning for capital investments. The new Integrated Investment Planning framework ensures that our investment decisions are based on a full assessment of risk, priority and capability requirements. This Integrated Investment Plan is the culmination of a thorough and complete project prioritization, assessment and allocation process to determine the optimal use of the scarce resources available to the Agency.

The Integrated Investment Plan presents proposed investments, over a five-year period, which are considered affordable, productive, financially sustainable, and essential to CCG. It is important to note; however, that while the investments are financially sustainable (e.g. CCG can afford the downstream O&M expenditures that may result from the investments) the level of investment falls short of that which is required to effectively lifecycle manage our asset base. While CCG’s planning and prioritization framework ensures that funding is directed to the highest priorities, the current reinvestment rate is not high enough to ensure that assets can be replaced at the end of their operational life. CCG is addressing this situation through the creation of renewal plans for its asset base, prepared by the two COEs, to take a long-term view of investment requirements.

This document represents CCG’s first application of its new Integrated Investment Planning framework. The Agency expects to learn from the implementation of these policies in the 2010/11 to 2014/15 planning cycle. While the planning process, framework and approach has proven effective in developing our Investment Plan, CCG will continue to optimize its approach in future years and maximize value for money and sound stewardship in Canadian Coast Guard program delivery.