Evaluating Investment Outcomes

We are committed to investing in our community through our plans and practices. 

Image showing the investment lifecycleAs an outcome driven organisation, VicRoads has adopted an Investment Management Approach (IMA), which is a holistic approach to how VicRoads plans, delivers and learns from the investments it makes on behalf of the community. 

VicRoads has worked collaboratively with Victorian and national stakeholders to develop best practice frameworks, tools and processes to help embed this approach across the organisation.

VicRoads Benefit Management Framework (BMF) [PDF 699Kb] provides a line of sight from investment level indicators to benefits that VicRoads aims to achieve and the government level outcomes, providing a consistent approach to identifying, monitoring and evaluating the success of investments across VicRoads.

VicRoads Investment Evaluation Framework (IEF) [PDF 3.38Mb] provides a one-stop-shop for principles, policy positions and guidance for undertaking post completion evaluation of projects and programs in VicRoads. The Framework aims to provide a consistent approach to planning, undertaking and delivering post completion evaluations whilst capturing any lessons learnt from the planning and delivery process.

Evaluation Findings 

Through the Investment Evaluation Framework VicRoads is taking a proactive approach to transparency about our performance by publishing project and program evaluation findings. Evaluation findings will be published here as they become available.


Monash Freeway Managed Motorway - October 2018 [DOCX 1.8Mb]

High Street Road Duplication - Stud Road to Burwood Highway [DOCX 6.9Mb]


Drysdale Ocean Grove Road (Tuckfield Street) and Marlin Drive Traffic Signals [PDF 618Kb]

Surfcoast Highway and Corio Waurn Ponds Road, Belmont, Greater Geelong – Bus Lane [PDF 416Kb]

Nerrena Road B-double Route Improvements, Leongatha [PDF 352Kb]

McKenzie River Rest Area – Princes Highway East [PDF 406Kb]

Princes Highway East Overtaking Lanes,  Nowa Nowa to Orbost [PDF 435Kb]

Nagambie Bypass - Post Evaluation Findings [PDF 408KB]

Hume Highway Bridge Strengthening - Clonbinane [PDF 412KB]

Princes Freeway East \ Sand Road Interchange Project [PDF 359Kb]

Calder Freeway/Kings Road Interchange Upgrade &  Kings Road Duplication [PDF 595Kb]

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