Investor Presentaiton

Key Changes to Processes as a Result of the Adoption of the NEW Guidelines Steps Initial project approval Medium Term PSIP entity ceiling Regular project reviews 5-Yearly Special evaluations (if required) Description • Entity annual PSIP budget ⚫ submission • Review of the initial project approval, taking note of total funding, projected cash flow, project start and end dates etc. Project performance is monitored and evaluated against initial project outcomes. All projects funded must be within the entity's medium-term PSIP ceilings. After funding ongoing projects, new projects can only be introduced if there is fiscal space for that FY and forward years. All ongoing projects are subject to regular joint reviews to inform whether projects are performing well and forecast future funding needs. Projects with major implementation issues may be restructured or cancelled by Ministry. Review information should be disclosed in budget submissions and considered during the budget approval stage. For projects operating long-term (5 years +) without clear end dates, Ministry shall determine if they are performing and warrant ongoing funding or should be phased out. For large projects (more than $2.0m/annum), Ministry shall call for formal evaluations to be undertaken every five years. Ministry can also consider evaluating smaller projects if necessary (Refer to User Manual, 6). Ongoing budget submissions will continue with the unified submission of OPEX and CAPEX budgets. PSIP sections to indicate clear delineation of ongoing and new projects.

View entire presentation