The Digital Asset Policy provides clear digital requirements for Departments and Agencies to support the planning, design and construction of Victorian Government’s projects and assets. The Digital Asset Policy is founded on the Victorian Digital Asset Strategy (VDAS) released in March 2020 and supports the Government in delivering unprecedented levels of new infrastructure by uplifting the capability of Victorian Departments and Agencies. Implementing the Digital Asset Policy will improve project delivery efficiency, uplift design, and delivery capability, and provide greater data insight and analysis to continuously improve project performance.
The digital asset policy provides clear and consistent organisational and project requirements designed to optimise productivity, and be appropriate and proportional to a project’s value and risk context. The policy applies to all Victorian Government Departments, corporations, authorities, and other bodies under the Financial Management Act 1994. The policy is applicable to any asset investment proposal seeking budget funding and requiring the development of a business case, which is a mandatory requirement for capital investments with a Total Estimated Investment of $10 million or more.