FWPA monitors and evaluates its project investments to demonstrate outcomes and value to levy payers, industry and the broader Australian community.
This includes reporting progress against strategic priorities and key performance indicators, assessing the efficiency and effectiveness of investments, and using appropriate evaluation methods, including benefit-cost analysis where relevant, to provide evidence of the benefits generated.
FWPA’s Benefit Assessment and Reporting Plan projects are categorised and ranked by measurable benefit to industry:
Category 1 – Products with attributable adoption and impact
All projects that contribute to a product with attributable outcomes (adoption) and/or impacts.
Category 2 – Tool/enabler products
The project may deliver a tool or enabler that contributes to or is essential for a product that, in turn, delivers impact.
Category 3 – Strategic RD&E, insight and support
The project may be funded as an essential insight, consultation, program support or strategic horizon activity, where no products can be identified at this time.
