Report of the Change Programme Board - The Royal ...

2Month 5 Performance2.1The cumulative position as at the end of October shows an underachievementof £4,540,847 for the Trust as a whole. Within this, the financialposition for month 7 is as follows:Totals Plan £1,703,962Totals Actual £705,500Totals Variance (£998,462)% of Plan Achieved (Month)% Annual Target Achieved41%40%2.22.32.42.5In total 16 schemes have contributed to savings in month 7, of which 4 havedelivered in full and closed. This means that 54% of schemes have beendelivered to date.A total of 167 schemes planned to deliver a CIP value in October; of these,18 schemes have delivered the required amount or more. A detailed analysisof the in-month performance by division, and those schemes which areoutstanding, for the month, can be found in appendix B.No new schemes were identified and delivered in month. However, a further 2schemes have been identified in month to mitigate against the shortfall, theseare currently being validated and the full savings value should be delivered infull next month.Additional schemes to close the gap are currently being progressed throughthe PMO, this includes pulling forwards any scheme highlighted for work in2014/15 that can be accelerated, this is currently being worked through theapproval process. Supplementary details and progress on the schemes willbe provided as it becomes available.Page 4 of 12