The Investment Management Standard (IMS) Guide provides good practice to support the government to identify and select the investments that provide the most benefit to society. It is aimed at functioning as a key tool for decision-making for shaping new investment proposals, prioritising investments, developing a new policy, and monitoring and evaluating investment proposals and organisational outcomes.
The Victorian State Government widely uses the IMS Guide, and it has been adopted (either wholly or in part) in many other jurisdictions, as well as by commercial, academic and not-for-profit organisations.