Annex 3: Glossary of Technical Terms
- Key Result Area
- A goal, objective or outcome negotiated between Commerce and the Government (represented by Ministers and the three central agencies) to be completed in a three year time-frame which makes a major contribution to the achievement of one of the Government's Strategic Priorities.
- Milestone
- A key output, project or task, negotiated with the Government, to be achieved as a significant contribution or progress stage to a Key Result Area within a specified time-frame of one year or less.
- Outputs
- The activities and services supplied by Commerce as defined annually by Parliamentary Appropriation in the Estimates and, in respect of outputs funded by the Crown (as opposed to third parties), by the Purchase Agreements with Ministers. Outputs are usually a cluster of milestones and/or other significant projects.
- Ownership (issues)
- Conditions and issues within Commerce which impact on its intrinsic value to the Government as the owner. Examples are the competence of its staff, and the alignment of its objectives with the goals and strategic priorities of the Government.
- Strategic Priorities
- A set of eight strategic priorities adopted by the Government and used to ensure that the activities of Commerce and other agencies are aligned with the Government's intentions. Commerce's Key Result Areas directly contribute to five of the Strategic Priorities.
- Third parties
- Individuals or entities from outside of government which are involved in a transaction with Commerce.
- Third party funded
- A service provided by Commerce which is funded by fees paid by third parties.
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