Major Projects Performance Reporting: 2024
Overview
Why this is important
The Department of Treasury and Finance delivers Budget Paper No. 4: State Capital Program in May each year. It outlines the Victorian Government’s asset investment program.
As of May 2023, Victoria has committed to investing $200.6 billion in public sector capital projects. This includes transport and water infrastructure, hospitals, schools and other community facilities.
Parliament and the community are interested in accessing transparent information about changes to the cost, time, scope and benefits of major projects.
Our previous audits and reviews have found that departments do not consistently and transparently report on their major projects' performance.
What we plan
to examine
We plan to examine whether the information that departments publicly provide can be used to assess the impact of changes to major projects. We also plan to assess the factors driving significant project variations to better understand the risks to effective project delivery.
Who we plan
to examine
All departments and entities with projects worth $100 million or more.