Less than 20 per cent of investments are D Private sector engagement is reduced and 4 4 8 DFAT and IFT have to energise private sector relationship 1 1 2 delivered by effective private sector partners conversion of service delivery to private building and engagement and utilise the full potential of the sector is not working effectively Incentive Fund and the Innovation Fund Poor sub-contract management and D Infrastructure does not meet minimum 4 4 8 Evaluation of phases I,II and III will identify the scale and impact 1 1 2 construction reduces quality and increases quality, fit-for-purpose and maintenance of this risk, and the reasons why they occurred, to allow cost standards reducing application of VfM enhanced due diligence Delays mean unfinished programs which D Places pressure on partner to complete and 4 2 6 The requirement to manage outstanding commitments has 2 1 3 require IF (IV) support beyond six years could result on lower quality outputs and occurred in every phase so early manage down of IF (IV) or outcomes, increased costs early succession or hand-over strategies should be agreed IF (IV) processes are ignored to fund D Integrity of IF damaged. DFATs reputation 3 3 6 Implement no-exceptions policy. Strong Team Leader and MG 2 2 4 projects damaged and investments compromised. required to defend IF (IV). IRT will respond accordingly.
Less than 20 per cent of investments are delivered by effective private sector partners D Private sector engagement is reduced and conversion of service delivery to private sector is not working effectively 4 4 8 DFAT and IFT have to energise private sector relationship building and engagement and utilise the full potential of the Incentive Fund and the Innovation Fund 1 1 2 Poor sub-contract management and construction reduces quality and increases cost D Infrastructure does not meet minimum quality, fit-for-purpose and maintenance standards reducing application of VfM 4 4 8 Evaluation of phases I,II and III will identify the scale and impact of this risk, and the reasons why they occurred, to allow enhanced due diligence 1 1 2 Delays mean unfinished programs which require IF (IV) support beyond six years D Places pressure on partner to complete and could result on lower quality outputs and outcomes, increased costs 4 2 6 The requirement to manage outstanding commitments has occurred in every phase so early manage down of IF (IV) or early succession or hand-over strategies should be agreed 2 1 3 IF (IV) processes are ignored to fund projects D Integrity of IF damaged. DFATs reputation damaged and investments compromised. 3 3 6 Implement no-exceptions policy. Strong Team Leader and MG required to defend IF (IV). IRT will respond accordingly. 2 2 4
png-australia-incentive-fund-iv-design.docx