Understanding and Communicating the Value of CRCs
Recent budget cuts and the upcoming review of the CRC programme will continue to put pressure on CRCs to identify and communicate the tangible value that the programme has a proud history of delivering. CRCs provide a unique mechanism to deliver long-term and far-reaching social and economic impacts—the challenge is defining the specific benefits that will be delivered and communicating these in a compelling way.
The Noetic Group’s Chairman, Andrew Balmaks, believes that CRCs are not alone in this regard.
“Government departments, the non-profit sector or anyone who looks to government funding such as CRCs must identify the value in every public dollar they receive” said Mr Balmaks.
The Noetic Group has been working with these organisations for over a decade, using proven approaches such as Investment Logic and Benefits Realisation Planning to better define the value of their investments, from IT projects through to social policy initiatives.
Mr Balmaks emphasises that “Noetic’s approach has proven to be particularly successful in putting forward compelling and evidence-based investment proposals, providing decision makers with confidence that the identified benefits are real, measurable and attributable to the investment in question”.
Noetic is now looking to work with CRCs and explore opportunities to demonstrate the value of its approach.
Some of Noetic’s experiences, observations and lessons from their most recent work have recently been captured in published paper on Investment Management. So if you are looking to give your CRC an edge in being able to communicate the unique value proposition of your program, you can read more via their Noetic Note or contact Andrew directly at (02) 6234 7777 or email@example.com.