Archived [2021-05-13] - Policy on the Planning and Management of Investments
The policy sets the direction for the planning and management of assets and acquired services to ensure that these activities
provide value for money and demonstrate sound stewardship in program delivery.
Date modified: 2021-06-21
Supporting tools
Directive:
Guidelines:
Mandatory procedures:
Hierarchy
While the requirements in the Policy on the Planning and Management of Investments, including the mandatory procedures and appendices, take effect on , with the exception of the requirements of 1.3 and 1.4, departments have six months to fully transition to the new policy.
With respect to requirement 1.4, projects approved under the Policy on the Management of Projects or the rescinded Project Approval Policy prior to , have until , to transition to the Policy on Planning and Management of Investments.
Appendix B: Mandatory Procedures for Investment Plans
B.1 Effective date
- B.1.1These procedures take effect on April 11, 2019.
- B.1.2These procedures replace the following Treasury Board policy instruments:
- Policy on Investment Planning – Assets and Acquired Services ()
B.2 Procedures
- B.2.1These procedures provide details on the requirements set out in section 4.1.5 of the Policy on the Planning and Management of Investments.
- B.2.2The department's investment plan must:
- B.2.2.1Demonstrate the existence of a strong investment management framework to direct the prioritization, planning, acquisition, use and maintenance of real property, materiel and information technology assets and services;
- B.2.2.2Be consistent with strategic government-wide initiatives; align with departmental strategic planning, including the departmental results framework established pursuant to the Policy on Results; and be responsive to current and future program requirements;
- B.2.2.3Include procurement information that demonstrates consideration of market conditions, supplier feedback, duration/renewals of contracts, recommended procurement approach, any potential for single compliant bidders or serial incumbents, any key risks and any additional socio-economic and environmental public procurement priorities;
- B.2.2.4Provide a summary of the department's capacity for project and programme management, procurement, and for managing real property, materiel and information technology; including identification of specific capacity issues;
- B.2.2.5Provide an assessment of previously planned investments against intended results, including an overview of lessons learned, challenges to and opportunities for improving elements of the investment planning framework and organizational planning and resourcing capacity;
- B.2.2.6Describe the departmental investment priorities, prioritization criteria, and planned spending on real property, materiel, and information technology assets and services for the upcoming five-year period;
- B.2.2.7Include sufficient information on planned projects and procurements to support an informed decision by the Treasury Board as to which projects and procurements would warrant their consideration; and
- B.2.2.8Include performance and risk management plans to assess the effectiveness of the planning function, identify and address areas of greatest risk in achieving departmental results, and significant gaps in investment performance.
- B.2.3As part of the development of the investment plan:
- B.2.3.1TBS is consulted in determining the investments to highlight in the departmental investment plan.
- B.2.3.2TBS is advised, in a timely manner, of any significant deviations from the departmental investment plan. Following consultations with TBS, if requested, the departmental investment plan is to be revised and submitted to TBS.
- B.2.3.3If requested by TBS, it is to be submitted to Treasury Board ministers for approval. TBS's decision will be based on the consideration of a number of factors including the significance and risk of a department's planned investments, the department's management performance established through appropriate management accountability mechanisms and other monitoring activities, and the magnitude of changes in planned investments or capacity to deliver.