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Appendix Two: Example of milestones and key performance indicators


Regional Economic Development Policy Update – August 2008

[ Last Updated 5 September 2008 ]


The following example is for a project to develop a regional economic development strategy.

Milestone Key performance indicators to measure milestone completion
1. Identify possible stakeholders and appropriate government agencies Stakeholders identified & communication strategy implemented
2. Relevant qualitative and quantitative data collated, and key drivers and stakeholders identified Finalised regional economic development profile
3. Workshops to bring together stakeholders and existing visions held
Vision and high level goals for all stakeholders articulated
Vision agreed to by regional governance group
4. Regional strengths, weaknesses, opportunities and threats identified
Stakeholder input and expertise utilised
Document outlining results from analysis completed and consulted on
5. Possible strategic objectives prioritised and set in a draft strategy Strategy objectives agreed by regional governance group
Draft strategy prepared for consultation
6. Regional consultation of full draft strategy Consultation workshops held and feedback received on full strategy
7. Finalise the Strategy Strategy Implementation Plan agreed by regional governance group
8. Strategy implementation plan reviewed and updated Recommendation on updates presented to regional governance group
9. Administration agent costs for RSF delivery Contracting and financial management costs of RSF programme


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