A detailed implementation plan should accompany the final investment decision. The plan should include the identification of capability gaps and outline proposed government arrangements, such as clear lines of accountability and oversight.
- This may include oversight by bodies including Steering Committees and inter-departmental committees.
Commonwealth entities are responsible for putting mechanisms in place to ensure successful implementation and asset management of the investment.
Implementation plans should be updated as the proposal is implemented to make sure it is up to date. Significant changes from the endorsed implementation plan, implementation challenges and emerging risks should be reported to the appropriate decision-makers.
Commonwealth entities should regularly monitor implementation progress, including tracking time, scope and budget:
- Implementation plans should clearly communicate performance evaluation metrics and reporting arrangements consistent with the PGPA Act.
- Continual identification and management of risks associated with the project and financing instrument should be undertaken and reported.
