• Treasury’s new 2015-18 Strategic Plan

    Underpinned by the Department’s core vision, mission and values, Treasury’s strategic plan is reviewed every three years and articulates the strategic direction of the business. 

    On a yearly basis, the goals outlined in the strategic plan are used to inform and develop annual business unit operational plans. These operational plans form the basis on which team work plans and individual Development and Performance agreements (DaPs) are developed.

    A key consideration for Treasury going forward is to ensure we continue to achieve our strategic priorities within current and future resourcing constraints. The 2015 strategic planning process provided executive the opportunity to review the Department’s strategic direction, re-evaluate work programs and work areas to ensure we are maximising the efficiency and effectiveness of our outputs.

     2015-18 strategic goals

    2015-18 Strategic Planning

    As part of this year’s strategic planning process, Treasury’s vision, mission, values and strategic goals were reviewed and refocused and consideration given to whether the current strategic plan reflected the Department and its strategy and focus for the next three years. To enable this, a multifaceted approach was adopted, which covered extensive consultation, research and analysis, informed by:

    • an all staff pulse check survey (81% response rate) to gauge staff perception of our performance against our 2012-15 strategic goals and gather indicators of Treasury’s current work environment;
    • key stakeholder feedback to assess our current performance and gain insights into areas for improvement;
    • Director and team level feedback on the pulse check results including suggestions for areas of improvement across all levels of the Department; and
    • the challenging economic and fiscal environment which is predicted through the life of our plan.

    Treasury’s new 2015-18 Strategic Plan was launched by the Under Treasurer at the Department’s all staff forum in June 2015. The new plan articulates Treasury’s priorities, desired outcomes and how we plan to achieve them. The plan reflects:

    • six strategic goals which link clearly to our internal and external priorities for the coming years; and
    • a stronger emphasis on the generation of new ideas and better engagement with our key stakeholders.

     

    On 1 July 2015, in order to ensure we meet our new strategic goals, some functional alignment within and across teams was implemented to drive a more efficient structure, minimise duplication and increase the flexibility of our resources. This refined structure builds a more agile and productive organisational footprint, improving what we do and how we do it, and will better position us to respond to the challenges of an increasingly complex and fluid environment.

    Treasury’s new 2015-18 Strategic Plan will be incorporated into business units’ annual operational plans as well as reflected within individuals DaPs to reinforce our strategic focus.