Presenting the NSW Government with oversight of NSW’s infrastructure program
Through the investor assurance process, Infrastructure NSW provides independent advice to delivery agencies and direct reporting to the NSW Cabinet and the Treasurer. This independent advice and reporting seeks to proactively contribute to the delivery of the Government’s key infrastructure projects to time, budget and in accordance with government objectives.
The key components of the independent investor assurance process include:
- monitoring conducted by Infrastructure NSW
reporting regularly on projects based on inputs provided by delivery agencies
Gateway, Health Check and Deep Dive Reviews conducted by independent practitioners
sharing insights and building capability in the delivery of infrastructure projects, for example the Trends and Insights Report.
Infrastructure NSW continuously monitors project status and findings of Gateway Reviews and Health. This includes:
close-out Plans to address recommendations emerging from a Review
undertaking necessary steps to verify information provided by delivery agencies or prepared by Review Teams
seeking direct input from Expert Reviewers
undertaking independent analysis and developing advice on key risks, recommended corrective actions and mitigation strategies.
Infrastructure NSW prepares regular project reports which provide an assessment of project development and delivery against time, cost, quality, risks and impediments to project development/delivery.
In line with the risk-based assurance approach, a project’s Tier informs the reporting intervals and level of detail required.
To support regular project reporting, delivery agencies provide Infrastructure NSW with timely and comprehensive project information. Reports are lodged by the relevant delivery agency after Secretary or delegated executive officer approval is given.
Regular project reporting is required monthly for Tier 1 – High Profile / High Risk projects, and quarterly for Tier 2 and Tier 3 projects.
The IIAF Gateway Review process provides a series of short, focused, independent expert reviews, held at key decision points in a project’s lifecycle.
The Gateway Reviews are appraisals of infrastructure projects, that highlight risks and issues, which if not addressed may threaten successful delivery.
Gateway Reviews are supported by periodic Health Check Reviews which assist in identifying issues that may emerge between decision points. Health Check Reviews are carried out by an independent team of experienced practitioners (industry experts including from the private sector), appointed by Infrastructure NSW.
Deep Dive Reviews are like Health Check Reviews but focus on a specific issue or limited terms of reference rather than the full range of issues normally considered at a Health Check Review.
To remain effective at shaping how the State’s public sector delivers major public infrastructure, the IIAF must keep evolving.
Continuous improvement is critical, and lessons learned play an important role.
Each year, Infrastructure NSW analyses all data collected during the IIAF process and provides the NSW Government with a report on key findings.
We use these insights to work with government to address key challenges and foster continuous improvements. Find out more through our Trends and Insights page.