If a program/project is subject to both an IRA and Gateway, both processes would be integrated to minimise the potential for review burden. E.g., the IRA may replace the review stages of the Gateway process. Interaction with ICT Investment Approval Process and Two Stage Capital Works Approval Process The Assurance Reviews Framework is designed to complement the ICT Investment Approval Process and the Two Stage Capital Works Approval Process. If a program/project is subject to both Gateway and the ICT Investment Approval Process or the Two Stage Capital Works Approval Process, the requirement to conduct Gateway Gate 0 and Gate 1 reviews is not mandatory. Gateway would only commence after the approval process has been concluded or if the entity opted to participate in reviews during the approval process. Risk management Better practice demonstrates that the identification and treatment of risk is undertaken at the earliest opportunity during policy design. This is an important element of the control framework necessary for effective program/project implementation. Risks are things that may happen at some point in the future and have the potential to negatively impact on the policy and the realisation of objectives. It is essential that risks are identified and actively managed in order to reduce their likelihood of happening or their impact on the policy or program/project. By identifying key factors that affect policy performance and considering how they may evolve in the future, policies can be made more robust to a range of anticipated conditions and indicators developed to identify when policy adjustments are required. NCEs are responsible for assessing the inherent risk factors associated with their New Policy Proposals (NPP). The Risk Potential Assessment Tool (RPAT) is a standardised risk analysis tool designed to assist NCEs with this process. The resultant risk rating can inform whether additional assurance processes is recommended to government. In making this determination, Finance will consult with relevant stakeholders including the relevant entity and other central entities. Decisions to commission Assurance Reviews are made by government, usually during the pre-budget considerations of NPPs and Portfolio Budget Submissions. In exceptional circumstances, the Minister for Finance, in consultation with the Minister and the Treasurer, can make the decision to commission an Assurance Review. NCEs are encouraged to consider the scheduling of their cabinet submission timetable to allow for potential pre-decision Assurance Reviews.
If a program/project is subject to both an IRA and Gateway, both processes would be integrated to minimise the potential for review burden. E.g., the IRA may replace the review stages of the Gateway process. Interaction with ICT Investment Approval Process and Two Stage Capital Works Approval Process The Assurance Reviews Framework is designed to complement the ICT Investment Approval Process and the Two Stage Capital Works Approval Process. If a program/project is subject to both Gateway and the ICT Investment Approval Process or the Two Stage Capital Works Approval Process, the requirement to conduct Gateway Gate 0 and Gate 1 reviews is not mandatory. Gateway would only commence after the approval process has been concluded or if the entity opted to participate in reviews during the approval process. Risk management Better practice demonstrates that the identification and treatment of risk is undertaken at the earliest opportunity during policy design. This is an important element of the control framework necessary for effective program/project implementation. Risks are things that may happen at some point in the future and have the potential to negatively impact on the policy and the realisation of objectives. It is essential that risks are identified and actively managed in order to reduce their likelihood of happening or their impact on the policy or program/project. By identifying key factors that affect policy performance and considering how they may evolve in the future, policies can be made more robust to a range of anticipated conditions and indicators developed to identify when policy adjustments are required. NCEs are responsible for assessing the inherent risk factors associated with their New Policy Proposals (NPP). The Risk Potential Assessment Tool (RPAT) is a standardised risk analysis tool designed to assist NCEs with this process. The resultant risk rating can inform whether additional assurance processes is recommended to government. In making this determination, Finance will consult with relevant stakeholders including the relevant entity and other central entities. Decisions to commission Assurance Reviews are made by government, usually during the pre-budget considerations of NPPs and Portfolio Budget Submissions. In exceptional circumstances, the Minister for Finance, in consultation with the Minister and the Treasurer, can make the decision to commission an Assurance Review. NCEs are encouraged to consider the scheduling of their cabinet submission timetable to allow for potential pre-decision Assurance Reviews.
RMG-106R.docx