Multi-Year Strategy

The Multi-Year Strategy (MYS) in the Victorian General Government sector is the listing of asset and non-asset proposals identified as those that best satisfy government requirements over a 10-year horizon. The MYS is the culmination of the process chain – Asset Strategy – Asset Management Plan – Multi-Year Strategy. It represents all potential proposals in a department’s short-term planning pipeline and all significant and major proposals emerging in the medium and longer term.

Through a government-wide and forward-looking focus, the Multi-Year Strategy informs decision-making on departmental asset investment delivery and alignment to departmental strategic plans. It is a key tool to contribute to `joined-up Government’ planning and important for effective forward planning and strategic purchasing decisions. The MYS complements asset policy statements.

MYS provides:

• useful information to facilitate informed decision-making
• a full short, medium-to-long-term view of all asset and non-asset investment proposals
• alignment confirmation of these investments and their associated outputs to departmental corporate plans and Government objectives.

• inform resource allocation and priority setting
• present context and key information for each investment proposal
• clearly indicate the alignment of these proposals to departmental plans and Government objectives
• enable Government to assess medium-term asset investment priorities
• present a long-term view of departmental asset investment strategy and delivery
• facilitate investment selection and timing for Gateway Reviews

• The MYS fosters greater understanding of proposal development cycles and emerging needs.
• The MYS assures ERC proposals align with Government objectives (joined-up Government).

• balancing short, medium and long-term requirements in asset investment planning
• informed decision-making
• better resource allocation.