TBS Policy on Investment Planning - Assets and Acquired Services

Question 1

What is the effective date and who does it apply to?

Answer 1

• June 2007
• pilot project
• revised and effective as of Dec 2009
• transition from 2007 to April 1, 2012
• section 2 of Financial Administration Act
• replaces Policy on Long-Term Capital Plans

Question 2

Policy statement

What is the objective?

Answer 2

To contribute to the achievement of value for money and sound stewardship of program delivery through effective investment planning. Effective IP ensures a diligent and rational manner or allocation of resources to and existing assets and acquired services within deptl. reference levels

Question 3

Policy Statement

Expected Results

Answer 3

-Investment Planning supports departmental, portfolio, horizontal. govt-wide priorities, considers areas of highest risk, serves project outcomes, and supports sustainable development and broader social and economic objectives

Question 4

Policy Requirements

Answer 4

DH responsible for:

• Investment planning governance , systems and people are in place
• ensure that investment planning is:
  
  • aligned with strategic priorities
  • supports govt-wide perspective and initiatives
  • aligned with the Management Resources and Results Structure
  • influenced by performance
  • considers alternative solutions including P3s
  • is within reference levels
• all infrastructure investments creating an asset with a life span of over 20 years and capital investment of over $100M will have to go through a P3 screen
• Investment plan is submitted to TB every 3 years and TBS will decide if it needs to go forward for TBS ministerial approval