Victoria is investing an average of $10.1 billion a year in infrastructure over the next four years on a wide range of projects across the state.
Project monitoring and assurance
Office of Projects Victoria (OPV) plays a key role in providing the Victorian Government with guidance and assurance on project engineering, technical scope and cost. This complements the Department of Treasury and Finance's (DTF) role in providing critical feedback on financial and contractual risk.
Through our project monitoring and assurance role we will aim to reform and enhance the existing monitoring and reporting tools, and provide early advice to the Government about emerging issues in Victoria’s infrastructure program.
Initiatives to deliver on this role include:
- strengthening project assurance – reviewing the effectiveness of the existing High Value High Risk and Gateway Review processes, and developing an operating model that clearly outlines the roles of OPV and DTF in project assurance; and
- project reporting and monitoring – coordinating the Major Projects Performance Report, advising the Treasurer on at-risk projects and mitigation strategies.
As a centre of project management expertise, we provide support, advice and recommendations to project delivery teams and government on avenues to improve project outcomes.
We aim to connect project delivery experts with government delivery agencies covering the broad spectrum of disciplines required to deliver Government’s infrastructure program.
We are also responsible for advising the Treasurer on improvements and recommendations for projects that are not delivering required outcomes.
We work with government agencies by:
- providing project support on projects that are behind schedule and/or over budget;
- providing advice and recommendations to the project manager or steering/governance committees;
- providing short-term intensive cooperation with the project delivery team and ad-hoc support; and
- reviewing progress in implementing recommendations and improvements.