The Impact Tool enables CRC CARE to perform a comprehensive assessment of deliverables to assess the financial and non-financial benefits of CRC CARE activities. Developed through consultation with end users, the Impact Tool lays out the basis upon which probabilities, risks and impact milestones are quantified.
CRC CARE Impact Indicator Tool
As part of CRC CARE’s Performance Review in 2015, we developed a revised impact tool to enable us to perform a comprehensive assessment of deliverables to assess the financial and non-financial benefits of our activities.
The revised impact tool was developed through consultation with 19 end users from the Department of Defence, the mining and petroleum industries, government, regulators, SME technology organisations, and numerous researchers.
Over 30 projects were reviewed with end users having an active role in the development, testing, refinement and quantification of impacts and the basis for their quantification. Assumptions were often drawn from demonstrated impacts evident at end-user pilot projects.
(a) offers an objective revision and assessment of the estimated impacts;
(b) highlights changes in probabilities, risks and impact milestones; and
(c) identifies additional impacts not cited in the original impact tool.
The revised impact tool provides a mix of actual (up to 30 June 2014) and forecast impacts (up to 30 June 2026).