grdc growers' report - Grains Research & Development Corporation

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GRDC Investment Process How does investment planning work Investment in research, development and extension (RD&E) plays a critical role in increasing the productivity and sustainability of the Australian grains industry. The GRDC’s investment planning processes are pivotal to ensuring that this investment — on behalf of growers and the Australian Government — remains relevant and effective. The six steps in GRDC’s investment process STEP 1 Identify RD&E Priorities (throughout the year)* • Potential issues and priorities are identified through growers, the regional panels, project reviews, project progress reports, researchers, Grain Producers Australia (GPA), state farming organisations, Research Advisory Committees (RACs), the National and Regional Agribusiness Reference Groups (NARGs), Regional Cropping Solutions groups, Grower and Adviser Updates, forums, field days and survey results. • The GRDC takes into account the Australian Government’s National Research Priorities and Rural R&D Priorities. • All priorities looked at are potential areas for investment in future investment cycles. • Resource allocation recommendations are provided to the GRDC Board and then to the GPA and State farming organisations for comment in the form of a draft GRDC Stakeholder Report. STEP 2 Investment Planning Week (July each year) • Overall indicative budgets for GRDC themes are established in consultation with the GRDC Board and regional panels. • In consultation with regional panels, GRDC managers develop a mini prospectus for new projects to address gaps in investment strategies in themes. • These proposals outline the aims of the proposed RD&E project, its deliverables (outputs) and approximate budgets. These are discussed and refined during Investment Planning Week. • The appropriate procurement method (open tender, limited tender, multi-stage tender, direct negotiation) is identified for all proposals. • The proposals are ranked in consultation with GRDC Managers and regional panel members. • The GRDC’s National Panel makes recommendations for resource allocation to frame a high level budget, themes and proposals within those themes. This formulates the External Investment Plan. STEP 3 Release of External Investment Plan (August) • Investment proposals identified as suitable for competitive tender are published in the GRDC’s annual External Investment Plan, which is posted on the GRDC’s website during the period of call for tenders. The External Investment Plan is based on the GRDC’s Strategic Research & Development Plan 2007–12 (www.grdc.com.au/strategicr&dplan). • Tenders are evaluated against specific selection criteria to determine the preferred research partner(s). • Other projects where there is limited expertise in a research area and/or there needs to be ongoing access to co-owned intellectual property are directly negotiated. • The GRDC’s National Panel provides recommended investment allocation at the investment strategy level to the GRDC Board. STEP 4 Theme investment strategy review & priority identification (autumn each year) • Progress on the status of investment strategies and development of new investments to fill gaps occurs. • The resources allocated to themes are reviewed. • Contracting of projects begins, based on the project specifications being agreed to by the contracting parties • These recommendations form the basis of the GRDC Annual Operational Plan (www.grdc.com.au/grdcaop) and the finalised GRDC Stakeholder Report. • The GRDC Annual Operational Plan must be submitted to the Minister for Agriculture, Fisheries and Forestry by 30 April. KEY POINTS New investments need to: • Align with the GRDC’s overall strategy and investment strategies within several themes • Leverage inputs from other sources • Move outputs closer to industry adoption; and • Refresh the research portfolio by responding to national and regional needs identified through GRDC engagement processes. The GRDC’s investment process can be described in six steps: 1 Identify RD&E priorities 2 Investment Planning Week 3 Release of the External Investment Plan 4 Theme investment strategy review and priority identification 5 Contract projects 6 Assess reports STEP 5 Contract Projects • Projects are contracted. • Approval from the Minister is required prior to the funding of projects. STEP 6 Assess Reports • Annual progress reports for continuing investments are received for assessment in March each year. • Issues for GRDC managers to follow up are identified. • Payments to research partners are made for those projects with approved progress reports. • Project final reports are assessed at end of project (usually in September). • Research project information is communicated to grain growers and industry stakeholders. 34 GRDC GROWERS’ REPORT 2010–2011
grdc investment process Steps in the GRDC Investment Planning Process GPA = Grain Producers Australia RAC = Research Advisory Committee RCS = Regional Cropping Solutions PHOTO ACKNOWLEDGEMENTS FOR COVERS: Front cover: Paul Jones. Insets: (left) Arthur Mostead, (middle) Evan Collis, (right) Paul Jones Back cover inset: Clarisa Collis Inside front cover: Emma Leonard GRDC GROWERS’ REPORT 2010–2011 35
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grdc growers' report - Grains Research & Development Corporation

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