The NSW Government originally developed the Gateway process to help agencies improve their procurement discipline and achieve better service results from their activities. It provides an opportunity for major proposals, which meet certain criteria and that involve the investment of Government resources, to undergo an independent peer review at key stages of a project lifecycle. Gateway's role is to identify risks and provide advice to strengthen project justification, delivery and benefit realisation.
Gateway is a critical component of the overall Government assurance approach designed to provide external input to the identification of risks associated with investing in major programs and projects, to support the effective delivery of Government objectives and outcomes.
Since its introduction in 2004, Gateway's primary design has been to add value to the project and the sponsor, which in turn has indirect positive impacts for government investment.
After operating Gateway Policy for just over 10 years, NSW Treasury undertook a review to investigate the appropriateness of existing Gateway requirements. The review made several recommendations relating to the coverage, responsibilities, effectiveness and monitoring of Gateway Policy. NSW Treasury considered these recommendations in drafting this Policy update.
In updating this Policy a principles based approach has been adopted, with risk being the key driver for determining the application of Gateway. The Policy allows for the development of risk based frameworks based on the principles of Gateway. Separate risk based frameworks for capital, ICT and major recurrent investments will exist under the Gateway Policy. All risk based frameworks require approval by a Cabinet Committee.
The policy establishes the overarching framework for Gateway in NSW, with the objective of focusing Gateway resources on those investments that present the greatest risk profile, in order to deliver independent assurance to project owners and to Government as the investor. This will support delivery of value for money to NSW taxpayers from Government investment decisions from inception through to delivery and benefit realisation.
Rob Whitfield
Secretary
NSW Treasury
February 2017
Treasury Ref: TPP17-01
| Note General inquiries concerning this document should be initially directed to: Andrew Alam, Financial Change, Reform & TAHE, NSW Treasury (Tel: 02 9228 4455, or email: andrew.alam@treasury.nsw.gov.au). This publication can be accessed from the Treasury's website www.treasury.nsw.gov.au. |