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Investing in Water Services 2006 - 2014

8 MANAGING UNCERTAINTY

8.1 Uncertainties are inevitable, in any medium term investment programme like Quality and Standards III. The particular uncertainties that may need addressing include:

• External events such as:
  • Court judgements
  • New or revised European legislation
  • Improved assumptions about climate change
• Internal events such as:
  • Scottish Executive water policy decisions (or in other fields that may impact on water)
• Expected, but unquantifiable investment needs such as:
  • Unanticipated/unpredictable customer demands

8.2 Cleary a review mechanism is needed to ensure that uncertainties are identified, monitored and addressed as they arise.

8.3 The Scottish Executive has committed to setting up a Quality and Standards III specialist group to design an appropriate review mechanism. That mechanism will ensure that the investment programme is monitored and that it remains practical and relevant throughout the investment period.

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