The Recurrent Investor Assurance Framework (RIAF) is established under NSW Treasury’s Gateway Policy. It is approved by the NSW Government and applies to major recurrent projects and programs being undertaken by agencies.
The objective of the RIAF is to ensure the Government’s key recurrent projects and programs across NSW are delivered on time and on budget by implementing this risk based external assurance framework. The RIAF will also ensure that the NSW Cabinet Expenditure Review Committee (ERC) is supported by effective tools to monitor the NSW Government’s major new policy proposals, receive early warning of any emerging issues and act proactively to increase project success.
The RIAF provides independent advice and assurance to an agency’s existing internal project delivery processes and post-project implementation is complemented by the NSW Government’s Program Evaluation processes.