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02.06.2023 Source: AWEX
AWEX EMI 1209 -5
Micron 17 2078 +15
Micron 18 1758 +33
Micron 19 1528 +1
Micron 20 1406 +8
Micron 21 1353 -11
Micron 22 1295n -24
Micron 26 522n -20
Micron 28 317 -6
Micron 30 288 -4
Micron 32 237 +2
MCar 738 -23
Measuring Performance
The Measurement & Evaluation (M&E) framework outlines Australian Wool Innovation’s (AWI) approach to ensure that AWI business activities contribute to the company’s purpose and consequently deliver value to Australian woolgrowers. This document provides a system of reviewing program targets that are set in the strategic and annual operating plan.

Providing quantifiable returns on industry and government investment enables organisational accountability, transparency, and engagement with woolgrowers. Recognising the diverse portfolio of activities AWI undertakes, monitoring and evaluation helps ensure obligations to woolgrowers.

How we Measure Performance

Monitoring and evaluation are separate practices dedicated to the assessment of AWI’s overall performance. Monitoring is a systematic process of gathering, measuring and analysing information regarding the progress made by implemented projects. Evaluation is time specific and it is performed to assess whether a project has reached its goals and achieved the expected outcome.

The overall performance of AWI is measured through the achievement 3-year strategic and Annual Operating plan targets. The measurement of those targets highlighted in the strategic and operating plans are performed at program level. It comprises measuring the actual performance outcomes or results against its intended goals.

Key Measurement and Evaluation Documents

The M&E unit has produced key documents that serve as essential building blocks towards measurement of performance. The three documents highlighted below are M&E framework and 2019/20 performance report.

M&E Framework

The Measurement & Evaluation (M&E) framework outlines Australian Wool Innovation’s (AWI) approach to ensure that AWI business activities contribute to the company’s purpose and consequently deliver value to Australian woolgrowers. This document provides a system of reviewing program targets that are set in the strategic and annual operating plan.

Download

The reports portray tracked outcomes of the targets through a traffic light system highlighted below:

• Green - Achieved
• Amber – In-Progress
• Red – Not achieved

For a given financial year, most progress indicators against the targets for the first six-monthly PARs would be amber as most projects would still be ongoing.

Impact Assessment

The Impact Assessment concluded that for the three-year period it is estimated AWI achieved an overall BCR of 2.8 for every dollar invested (3.7 on levy payer contributions) on Research, Development and Marketing programs.

Download the 2019/22 Strategic Plan Evaluation Report

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