Nw3168 - Project Risk Tool Tender in United Kingdom - 142603179

Procurement Summary

Country: United Kingdom

Summary: Nw3168 - Project Risk Tool

Deadline: 22 Jun 2026

Posting Date: 04 Jun 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 142603179

Document Ref. No.: NW3168

Competition: ICB

Financier: Self Financed

Purchaser Ownership: Public

Tender Value: Refer Document

CPV Classification

48000000 - Software package and information systems
72000000 - IT services: consulting, software development, Internet and support

Purchaser's Detail

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Tender Details

NW3168 - Project Risk Tool Northumbrian Water Limited (NWL) provide water and sewerage services to just under 4.4 million people operating principally in the North-East of England, Essex, and Suffolk. It is NWL's vision 'to be the most digital water company in the world'. Northumbrian Water Group (NWG) is a large and diverse organisation which employs a varied set of processes to achieve its business outcomes. Our organisation is entering a period of increasing scale and complexity, and our current Excel‑based approach creates challenges with consistency, auditability, quantitative analysis, and real‑time visibility. To address these issues, NWL intends to procure a centralised Risk Management Tool that reflects our business, functional and non‑functional requirements. Our ambition is to embed a consistent minimum standard for risk and opportunity management across all levels of the organisation, while maintaining flexibility to support differing risk types, project complexities and operational environments. The new solution must allow NWL to manage risk at project, programme, and portfolio level with configurable hierarchies, strong governance controls, audit trails, validation rules, automated workflows, and clear ownership and accountability. The tool must support qualitative and quantitative analysis, including interaction with Monte‑Carlo simulation to enable QSRA/QCRA, ensuring NWL can reduce reliance on external consultants and improve the agility of in‑house modellin...

Documents

 Tender Notice