How the investment approach works
The investment approach operates on a cycle, using data and evidence to prioritise Whole-of-Government investment and effort.
Stages of the investment approach cycle include:
- Cross-agency data collection – data are collected during service delivery at individual government agencies. The separate data are then de-identified and linked to form the NSW Human Services Data Set.
- Clients receive services – integrated solutions are delivered to children and families by government agencies (not including Their Futures Matter) or non-government organisations.
- Modelling and analysis – the data set is analysed and a predictive model of future financial and social outcomes is developed.
- Insights and recommendations – we can draw insights from the results and make recommendations for which population groups should be prioritised.
- Government priority setting – the Their Futures Matter Implementation Board endorse the population groups to be prioritised in the upcoming work program.
- Whole-of-Government resource allocation – government investment and effort is directed toward solutions for the priority population groups.
- Client-centred service design – Their Futures Matter works with partner agencies to design integrated solutions that will benefit the priority groups.
- Monitoring and evaluation – data collection processes are embedded into service implementation, allowing us to monitor and evaluate the outcomes achieved.