Major Projects Performance
Summary
Does public sector reporting of major capital projects in Australia contain relevant and sufficient information to enable Parliament to understand project performance against approved scope, cost, time and benefit expectations?
As at 1 July 2021, Victoria, NSW had $144 billion invested in public sector capital works. This includes transport and water infrastructure, hospitals, schools and other community facilities. Given the size and importance of this investment, Parliament and the community expect to know how projects are performing against their scope, time, cost and benefit expectations.
Key findings
Department of Treasury and Finance (DTF) and public sector entities’ reporting to Parliament and the public about major projects performance is not timely, relevant or sufficient.
DTF collects useful project data from entities and provides clear performance reports about some major projects to the government. DTF does not use this data to holistically report on major projects to the Parliament and the public.
Public data on major projects focuses on costs and expected completion dates. It does not usually report on a project’s expected scope and benefits or the impact a performance variance might have on project outcomes.
The Major Projects Performance dashboard demonstrates how DTF could enable Parliament and the community to better understand how entities are managing Victoria’s major projects.