Benefit management

In October 2021, the Department of Transport (DoT) endorsed the newly developed portfolio-wide Benefit Management Framework (BMF) to enable DoT to achieve integrated, outcome-focused and user-centred transport investments and deliver simple, safe and connected journeys.

On 1 January 2023, DoT was renamed the Department of Transport and Planning.

This BMF is structured around the approach to investment management promoted by the Department of Treasury and Finance (DTF) across the Victorian Government and detailed in its Investment Lifecycle and High Value High Risk Guidelines, and through the Victorian Government’s outcomes reform policy.

DoT's BMF provides a consistent approach to identifying, monitoring, and evaluating the success of investments across the Victorian transport portfolio and a clear line of sight from transport investments to user and community outcomes.

The BMF will also help the delivery agencies to ensure that the investments under their management deliver the benefits promised in the original investment proposals.

Download the Benefit Management Framework [PDF 2MB].

An overview of the BMF is provided in the image below. The outer circle represents benefits, the middle circle represents the outcomes that DoT is seeking from various investments, and the inner circle implies the focus on DoT’s vision as stated in the Strategic Plan 2021-2025, which is central to all outcomes being produced.