Appendix C. About this limited assurance review
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Appendix B. Acronyms, abbreviations and glossary
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Appendix A. Submissions and comments
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2. Exploring major project data
We surveyed 13 entities to get information on how 102 major projects (with a TEI of $100 million or more) are performing against their expected cost, timeframes and scope.
This includes 11 new projects, 82 existing projects and 9 completed projects that are collectively worth $99.8 billion.
This chapter explores changes to these projects' cost, time and scope to date.
We collected information on each project’s key documents, such as business cases and benefits management plans.
1. How well the government reports on major projects
In this chapter, we discuss how much the government spends on major projects and how transparently the Department of Treasury and Finance (DTF) and responsible entities report this information to Parliament and the community.
1.1 Government spending on major projects
DTF reports on state capital projects in Budget Paper 4: State Capital Program in (BP4).
Major Projects Performance Reporting 2022
Body
This limited assurance review assessed if the public sector transparently reports the performance of major projects against cost, time, scope and benefits.
Appendix C. Scope of this audit
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Appendix B. Acronyms, abbreviations and glossary
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Appendix A. Submissions and comments
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Adequacy of business cases for 2 major road projects
Conclusion
Overall, the business cases for the Mickleham Road Upgrade—Stage 1 (MRU1) and the Barwon Heads Road Upgrade (BHRU) projects were substantively compliant with DTF’s ILHVHR guidance requirements.
However, both business cases provided a limited range of project options for the government’s consideration, and for the BHRU, the business case was not timely enough to inform the government’s funding commitments on the project.