Quarterly Investment Reporting

Approach

We ask participating agencies each quarter to verify the progress of investments in their portfolio or provide information regarding new investments as they emerge. This is required to be signed off by the agency’s Chief Executive, or delegate as agreed with the agency.

Reporting often requires input from a wide range of stakeholders within agencies, including investment management teams, project managers and finance functions.

Agencies report investments based on the phase of the investment. The reporting framework is designed to identify the timing of stage gate decisions, expected funding requirements, and whether the investment is delivered to scope, on time and on budget in accordance with the Public Finance Act 1989.

The Treasury uses the risk profile assessment (RPA) to identify which agencies participate in the quarterly investment reporting process. Agencies that have Investment Intentions but are currently not participating in quarterly investment reporting should contact the Investment Management team at [email protected] 

Defining the investment Lifecyle for reporting

The following investment lifecycle definitions are used to capture and present investments at each phase:

• Investment Intentions – all pre-risk profile assessment, pre-business casing investment proposals over $100 million under consideration as part of an agency’s medium to long-term strategy.
• Investment Planning – all medium- and high-risk investment proposals (as assessed through the RPA and strategic assessment) in business casing.
• Investment Delivery – all medium and high-risk investments (irrespective of value) and low risk investments over $50 million following the signing of a commercial agreement.
• Investment Realisation – continues to track investments post-delivery on an annual basis for a period of up to 12 quarters (3 years). Agencies will be asked to provide a qualitative assessment of financial and non-financial benefits relative to original business casing.

How the data is used

Reporting is used to provide the Minister with a view of medium to long-term investment intentions, upcoming decisions, early investment risks and the progress of investments in delivery. We then use the data to inform advice on the performance of the investment management system, investment management and Budget policy, and eligibility for some of Treasury’s processes (for example, invitations to the Investment Panel process).

We seek advice from System Leaders to provide guidance for the Minister of Finance on whether investments early in their lifecycle align with their medium-term strategies.

Publicly available reports