Regional Development Victoria (RDV) undertook a wide range of
planning activities to develop and plan for implementing the
Provincial Victoria Growth fund (PVGF). However, some deficiencies
meant that RDV could not demonstrate that the fund was soundly
based. While there were criteria for prioritising initiatives to be
funded, assessment decisions were not adequately documented and
criteria were not applied consistently to all funding decisions.
Also, there was no business case underpinning it.
The monitoring and reporting systems and processes for
initiatives and programs under PVGF were generally sound. However,
these focused on outputs rather than outcomes. RDV had effective
arrangements in place to manage grant programs and to disburse
funding to grant recipients. Deficiencies in planning and
undertaking evaluations, particularly the lack of a final
evaluation of PVGF, mean RDV is unable to demonstrate that the fund
achieved its objectives and outcomes. There were weaknesses in
RDV’s risk management, and its documentation and recording of all
PVGF programs and activities was not complete.
However, RDV has improved its planning and management of the
Regional Growth Fund and addressed some of the deficiencies of the
PVGF, particularly with regard to evaluation planning and
meaningful reporting on the achievement of outcomes.
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Last updated on 7/23/2013