The Portfolio Management Office is an essential element in ASD’s planning and performance framework. Implementation of the key recommendations from a review of portfolio management conducted in 2019 has further enhanced the decision‑making and oversight of investments in major capability programs, enabling the organisation to make informed investment decisions on new and existing priority projects or programs within the agency.
The Portfolio Management Office has expanded in response to the increased scope of the function. This has enabled the implementation of the portfolio management governance framework, including the rollout of portfolio-level reporting tools and dashboards to support investment decisions, and the development of prioritisation and benefits frameworks.
Between October 2019 and February 2020, the Portfolio Management Office undertook a review of ASD’s major investments. This enabled ASD to find program savings across its portfolio in order to provide offsets for key capability requirements, including the measures announced by the Prime Minister and the Minister for Defence on 30 June 2020.
In accordance with ASD’s Portfolio Management Framework, a Portfolio Register was developed during this reporting period. This measure will improve portfolio management practices within ASD.