Under the High Value High Risk (HVHR) Framework, infrastructure and ICT projects identified as being high value and/or high risk are subject to more rigorous scrutiny and approval processes.
The HVHR Framework also applies to proposals presented to Government under its Market-led Proposals Guidelines released in November 2015.
Increased central oversight extends through various stages of investment development and implementation.
The objective is to increase the likelihood that major infrastructure and ICT investments are delivered successfully, on time and budget.
The Framework applies to all general government sector infrastructure and ICT investments that:
The Government may also nominate projects to be part of this process.
HVHR investments are subject to extra scrutiny and ongoing involvement by the Treasurer and the Department of Treasury and Finance (DTF) as indicated in the summary table below.
This includes a requirement to obtain the Treasurer’s approval of project documentation at key stages of the project’s lifecycle.
Treasurer's approval of:
Closer oversight by DTF of:
HVHR projects are also subject to compulsory Gateway reviews and active monitoring throughout the life of the project.
There are four HVHR characteristics that impact the Gateway review process (GRP):
An overview of how the HVHR framework, including the Gateway Review Process, is applied to market-led proposals can be found below: