3 Industry productivity and innovation
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What you will read in this chapter
• Reform 3.1: Improving planning, portfolios and pipelines - A series of reforms that will transform how governments sequence, plan, engage and communicate with industry so it becomes more efficient and effective.
• Reform 3.2: Enhancing project outcomes - Proven best practice approaches that, when applied early, drive superior project outcomes.
• Reform 3.3: Digital by default - Why the sector must adopt innovative digital technologies, tools and processes and why innovation needs industry-government partnership.
• Reform 3.4: Next generation infrastructure investment - Australia needs a new operating environment for the infrastructure sector where all tiers of government work together to drive meaningful and structural change that will future-proof assets and services.
| Key messages • The future of Australia's infrastructure hinges on being affordable, meeting current and future needs and maintaining access to high-functioning industry that creates, operates and maintains it. • Improvements to industry productivity are needed to deliver greater value for money and reduce the risk of cost escalation for governments as we deliver an ambitious investment pipeline. • More effective and efficient decision-making requires more meaningful and early industry engagement. • Best practice portfolio and pipeline management by governments will unlock new productivity dividends helping ensure project scheduling responds more effectively to local industry capacity. • The sector is at the beginning of a journey to acknowledge and support better mental health and a more diverse and inclusive workforce. • Rather than focus on Just shovel-ready announcements, governments should first ensure every project is investment-worthy. • Sufficient time and resources at the front end of projects, together with improvements to market engagement processes, will enhance project outcomes. • A digital by default approach will create better, more cost-effective and productive infrastructure for all. • All levels of government should be model clients and champions for industry health and productivity. • To realise these benefits, the decisive first step begins with each level of government taking action and working together with industry. |
