Explains when corporate centre reviews may be required on major projects.
- Depending on the size, scale and type of investment, investment reviews may be required for significant projects and programmes that involve procurement.
- For each significant project or programme on an agency’s long-term plans, the agency must complete a Risk Profile Assessment (RPA) and submit it to Treasury, which will determine whether reviews are required. The Risk profile assessment is available on Treasury’s website.
Who is involved in the review?
To assess the RPA and determine whether investment reviews are required, Treasury works with the State Services Commission, the Department of the Prime Minister and Cabinet, and Functional Leaders appointed by the Cabinet to provide leadership across government on specific areas such as procurement, information technology and property investment.
Investment reviews are organised by Treasury; reviewers are independent of Central Agencies and Functional Leads. For more information see Investment reviews(external link) on the Treasury website.