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corporate plan | 2009-2012

Planning Framework

A structured and consultative planning approach is critical to the Mint's ability to realise its goals. The following diagram outlines the Mint's Planning Framework and illustrates the relationships between our key plans.

Royal Australian Mint - Business Planning Approach

Royal Australian Mint - Business Planning Approach

Measuring our Performance

The Mint reports against outcomes from the Portfolio Budget Statements. These outcomes specify strategy, programs, objectives, deliverables and key performance indicators. The Mint ensures that the coinage needs of the Australian economy, collectors and international customers are met through the manufacture and sale of circulating coins, collector coins and coin-like products.

The Mint will:

  • produce and deliver Australian circulating coins in accordance with the Memorandum of Understanding between the Royal Australian Mint and the Treasury
  • ensure that foreign circulating coin sales meet or exceed the cost of production
  • ensure that all numismatic sales meet or exceed cost of production
  • ensure that custom and corporate minting orders are delivered in accordance with contracts and generate revenue exceeding the cost of production
  • review the numismatic program delivery in accordance with ISO 9001
  • rotate the display of Australia's National Coin Collection in accordance with the National Coin Collection Business Strategy
  • deliver gallery and visitors services in accordance with Commonwealth funding
  • endeavour to increase visitor numbers to the gallery and visitor centre.

In the broader context, whole of Mint performance management provides a means to improve our organisational performance by linking and aligning interrelated strategies and activities.

Success in developing a high-performing mint that is capable of dealing with competing challenges depends very much on the motivation and commitment of staff. Individual and team performance is critical to our ability to meet our corporate goals. The Mint encourages performance measures for communicating and understanding how the organisation is performing internally and externally. These performance measures, which form an integral part of the Mint's Business Plan, are aligned with four Key Result Areas and performance measures from the Mint's annual Portfolio Budget Statement.

This framework provides the Mint with the information everyone needs to focus their current and future efforts on. The Mint's overall performance is publicly detailed in the Annual Report.

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