Victorian Auditor-General’s Office (VAGO) recently presented a report to Parliament on a review into Major Project Performance and Reporting.

The review examined the Department of Treasury and Finance, including the Office of Projects Victoria, as well as 16 other entities responsible for 110 major projects.

The report highlights effective project management methods and outlines the importance of accurate and timely project reporting. Although based on major Victorian Government infrastructure projects, the report includes good learnings for project managers across all organisations.

It concluded that the reporting of many public sector entities on the performance of major projects to Parliament and the public is not timely, relevant or sufficient.

VAGO found common deficiencies in project reporting including:

• data presentation inconsistencies
• a lack of clarity about who is responsible for each project
• a lack of information about projects performance against their targets
• lack of timely reporting
• lack of reporting about expected benefits
• lack of explanation of charges such as:
  – total estimated investment
  – estimated completion date
  – scope
  – timing.
• lack of sufficient disclosure or explanation of details
• lack of clarity about the type of investments
• missing major project investments.

The Internal Audit team at AFS can independently review your project reporting, or your overall project management framework. Contact Kate Scarce on 03 5443 0344 or email afs@afsbendigo.com.au