The Benefits Management Standard outlines what entities must do to comply with the Benefits Management Policy. It establishes the four criteria against which proposals are assessed at the Contestability state of the Investment Oversight Framework.
Access the standard
The dta.gov.au website hosts the Benefits Management Policy and Standard (full text).
Benefits Management Standard criteria
- Criterion 1: The proposal has documented benefit dependencies and how individual benefits contribute towards strategic objectives.
- Criterion 2: The proposal has identified specific and measurable benefits and documented baseline and target measures.
- Criterion 3: The proposal details fit for purpose governance arrangements that incorporate benefits management.
- Criterion 4: The proposal is supported by a suitable Benefits Realisation Plan.