The Capital Planning Process (CPP) is a cyclical process that takes place annually alongside the annual State Budget process. Capital planning (formerly known as Total Asset Management) is a strategic approach to physical asset planning. This approach involves an agency aligning its 10-year asset planning with its service delivery priorities and strategies, all in the limits of available resources. This approach allows us to achieve better planning and management of the State’s physical assets, both existing and planned.
Capital planning includes the provision of Capital Investment Plans (CIPs) at the agency, cluster and whole of government level. CIPs provide us with a summary of the total capital investment commitments and intentions over a 10-year time frame.
Capital planning includes a suite of policies to provide robust asset management over Government investment decisions in New South Wales. This includes the Business Case Guidelines, the Infrastructure Investor Assurance Framework (IIAF) requirements, ICT Assurance Framework (IAF) requirements, Gateway policy and Asset Management Policy.
Treasury circulars, policy papers and useful links
- NSW Government Asset Management Policy (TPP19-07)
- NSW Government Business Case Guidelines (TPP18-06)
- Submission of Business Cases (TC12-19)
- NSW Gateway Policy (TC17-03)
- NSW Gateway Policy (TPP17-01)
- Parameter and Technical Adjustments and Measures
- Infrastructure Investor Assurance Framework (TC16-09)
- Public Private Partnerships
- Recurrent Investor Assurance Framework (TPP17-02)
Other useful links
- State Infrastructure Strategy – Rebuilding NSW
- NSW Procurement website
- Government Property Principles (Premier’s Memorandum M2012-20)
- NSW Government ICT Investment Policy and Guidelines
- Infrastructure Investor Assurance Framework - Infrastructure NSW
- ICT Assurance Framework - Department of Finance, Services and Innovation
- Better Practice Guide on the Strategic and Operational Management of Assets by Public Sector Entities - Australian National Audit Office
- ISO 55000 Standards for Asset Managers, Asset Management