Managing and reporting on the performance and cost of capital projects

The limited transparency on the status of government's major capital projects means Parliament and the public cannot easily access information on the progress of each project against cost and timeline targets. While it is encouraging that agencies are using the Department of Treasury & Finance's (DTF) Investment Lifecycle and High Value/High Risk Guidelines (lifecycle guidelines), our more detailed examination of 15 projects showed gaps or weaknesses in around half the documentation reviewed. This is a significant concern because complying with the guidelines can help mitigate the risks that projects will be late, over budget or not adequately define and deliver on their intended benefits. The report's recommendations highlight the need for: 1. DTF and the Department of Premier & Cabinet to advise government how best to track the progress of government capital projects and make this information available to Parliament and the community; 2. DTF to periodically review agencies’ performance in applying the lifecycle guidelines; 3. individual agencies to appropriately assess and improve compliance with the lifecycle guidelines.

Language

  • English

Media Info

  • Pagination: 88p
  • Serial:
    • Issue Number: 154, Session 2014-16

Subject/Index Terms

Filing Info

  • Accession Number: 01599083
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 9781925226584
  • Files: ATRI
  • Created Date: May 18 2016 9:28AM