The Service Logic and Investment Prioritisation (SLIP) Pilot was conducted from June to September 2009. The initiative aimed to apply the practices and experiences of the Investment management standard so departments can obtain better information to support their strategic planning and investment decision-making of proposed asset projects.
Approach
The initiative was trialled in DSE, DIIRD, DPCD, DoH, DPI and involved the following 4 steps:
Step 1: Develop a Service Logic and Investment Prioritisation framework (SLIP)
Step 2: Sort MYS entries in the medium-term MYS time slot (period 0 - 5 years) against the Service Logic
Step 3: Develop (or Review) Investment Logic Maps for highest priority investments
Step 4: Identify set of investments best meeting service needs
Recently the pilot completed a post implementation review which provided the following reccommendations:
1. Extend the pilot to 2010 as part of the 2011/12 budget process.
2. Raise awareness across the Victorian Public Service of the role of SLIP in supporting strategic investing.
3. Provide increased support to Departments who choose to adopt the approach.
4. Build a shared understanding of the practices and value they provide across the central agencies of the Victorian government.
5. Clarify and strengthen the link between SLIP and the Departmental Service and Asset Strategies.
For more information, please go to www.dtf.vic.gov.au/investmentmanagement
or email investmentmanagement@dtf.vic.gov.au
A submission containing six key recommendations and 39 findings is currently being considered.
