Major projects performance reporting 2025

Why this is important

The Department of Treasury and Finance delivers Budget Paper 4: State Capital Program in May each year. It outlines the Victorian Government’s asset investment program.  

As of May 2024, Victoria has committed to investing $4.9 billion in new capital projects, including the expansion and redevelopment of three major hospitals and 100 new schools. There is a total of $208 billion in new and existing capital projects underway. 

Parliament and the community need transparent information about changes to the cost, time, scope and benefits of major projects. However, our previous reports have found that departments do not always accurately and consistently report on their major projects' performance.

What we plan to examine

We plan to examine if the information that departments publicly provide can be used to assess the impact of changes to major projects. We also plan to examine the factors driving significant project variations to better understand delivery risks. 

Who we plan to examine

All departments and agencies managing projects over $100 million.