Five key targets have been set for the chief executive of the Defence Procurement Agency for the financial year 2005–06.

The first three key targets apply to all projects over £20 million which have passed their main gate approval but not yet achieved in service date (ISD). The fourth key target reflects the importance that the Department attaches to delivery of assets to the front-line. Key target 5 comprises three measures based on the utilisation of assets.

The Key Targets are:

Key Target 1: Key requirements compliance

Predicted achievement of customers' core requirements ¹ for projects: 97 per cent.

¹ Around 10 core requirements per project are agreed between the DPA and MoD headquarters, defining the essential characteristics of the equipment/capability.

Key Target 2: Average in-year In Service Date slippage

Average in-year slippage of In Service Dates not to exceed 1.0 month.

Key Target 3: Average in-year cost growth

Average in-year cost variation not to exceed 0.6 per cent.

Key Target 4: Asset Deliveries

Achievement of planned in-year asset deliveries 90 per cent.

Key Target 5: Achievement of Planned Efficiency Measures

(i) Asset turnover in months 83

(ii) Assets delivered per £ of Operating Costs £13.2

(iii) Assets produced per £ of Operating Costs £23.16