Defining and Incentivising Outcomes and Measures of Success
Under Ofwat's proposed methodology for PR14, companies will be asked to propose outcomes, measures of success and outcome incentives in ther business plans. Companies will also have to engage with a wide range of stakeholders when developing outcomes, measures of success and outcome incentives.
The aim of this project was to provide a practical framework and examples for developing water company outcome incentives for the PR14 price control. The report provides guidance on how to develop measures of success, set targets, choose the appropriate incentive type, develop the structure and strength of incentives and how to evaluate the overall balance of risk and reward. The report also provides guidance on the role of stakeholder engagement in developing outcome incentives.
|UKWIR Reference :- 12/RG/07/26||Published Date :- 27/11/2012|
|Retail Price (£) :- 30||ISBN :- 1 84057 659 6|