ARCHIVED - Investment Plan 2011/12 - 2015/16

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INTRODUCTION

DID YOU KNOW?

A Capability Gap Analysis is an exercise that compares target capabilities and those capabilities made possible with assets currently in place. This allows an organization to identify gaps in its ability to fulfill its mandate.

An Alternative Analysis is an exercise that identifies a reasonable suite of options to address capability gaps and establishes a preferred option which will be developed in to an investment proposal.

Peer Review is a process of self-assessment that involves qualified individuals from across the country. This group ranks each investment proposal to ensure resources are allocated to the highest priorities.

The Canadian Coast Guard’s (CCG) Integrated Investment Plan (IIP) lays out the organization’s planned investments over the 2011/12 to 2015/16 timeframe. By completing a capability gap analysis, an alternative analysis and a peer review process, the Special Operating Agency (hereinafter referred to as “the Agency”) identified and targeted assets to address its most urgent program requirements. For this planning cycle, Coast Guard has identified over $1.8 billion in investments with multiple funding sources in support of continued program delivery.

By focusing on its urgent program requirements, CCG is in a better position to consider alternatives to asset ownership such as acquired services. While this investment planning process ensures that funding is directed to the highest priorities, the current asset reinvestment rate is not high enough to ensure that critical assets can be replaced at the end of their operational life. Coast Guard should leverage alternatives to new assets where possible (e.g. finding other ways to deliver a service rather than investing in infrastructure) to utilize taxpayers’ monies efficiently and effectively.

The IIP is intended to be a management tool against which performance can be measured. This plan is an expanded version of the Canadian Coast Guard material found in the Investment Plan for Fisheries and Oceans Canada (DFO) that is submitted to Treasury Board for approval every three years.

Coast Guard’s Integrated Investment Plan is divided into four sections:

  1. Investment Planning Context sets the stage for our proposed investment decisions by focusing on these sub-sections
    • Who We Are and What We Do
    • The Assets We Use to Support Our Programs
    • Our Investment Requirements
    • Investment Funding available to CCG
    • How We Make Investment Decisions
  2. Investment Decisions defines the investment vision of the Canadian Coast Guard for the next five years and beyond in these sub-sections:
    • How We Will Invest Our Resources: 2011/12 to 2015/16
    • Addressing Risks Related to the Investment Plan
    • Measuring Our Performance Relative to the Investment Plan
    • How We Will Invest Our Resources: Looking Beyond 2015/16
  3. Investment Details provides a full list of our planned investments over the next five years.
     
  4. Conclusion assesses the outcomes of this first planning cycle using CCG’s Integrated Investment Planning approach.

In addition, there are a number of appendices that contain detailed information to support a full understanding of the decisions included in the plan.