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Why did I get this email
You are currently included on what is now known as the Investment Management Standard Community of Users (ICU). There are over 1,600 people in this group. It comprises those people who have attended Investment Management Information Sessions, Facilitator Training over the past three years or those who have opted, via the Investment Management website, to receive the Investment Management newsletter - Investment Management Musings.
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Future changes to the Investment management standard
A great strength of the Investment Management standard has been its ability to evolve - to observe how the practices are working in the workplace and to modify and expand them to increase their usefulness.
In the early times, changing the practices was relatively simple as the adoption was small and it was easy to communicate with the the people using them. With widespread adoption across many governments both inside and outside of Australia it is now necessary to take a different approach. We are therefore adopting a more formal, but hopefully no less responsive, approach to change.
The principles adopted to manage future change are as follows: - The existing practices of the Investment Management standard have not reached their potential in supporting better government - we must therefore be able to accommodate ongoing change.
- Major changes to the standard will normally be made annually under a system of 'major releases'
- The changes that will be included in each major release will be canvassed with the Investment Management Standard Community of Users (ICU)
- Engagement with the ICU will comprise:
- Providing members with a starting list of the changes that have been identified to improve the effectiveness of the existing practices
- Asking that they advise us if they would like to participate in the consideration of the identified changes ('opt in')
- Seeking their comments on the starting list and additions to the list
- Seeking their views on the individual changes as they are developed
- Each new release will include a summary of the changes and the impact they will have on previous practices
- Specific actions will be taken to ensure that those people most affected will be supported.
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Timing of a major release for 2010
30 April - 7 May Canvass possible changes (problems & opportunities)
14 May Prioritise changes for 2010 releases (problems & opportunities)
17 May - 18 June Explore and debate solutions to priority changes
Mid July Make major release
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