Policy Development

The formal production of a policy for business or government to provide a framework to manage activities in a structured and clearly understood way and to help improve overall effectiveness and efficiency of activities, ensuring regulatory requirements are complied with, where applicable. Policy development will often involve several stages, with the first stage being to identify if a policy is needed and if so, what is its purpose and extent of reach. Other stages can be to gather data and information, analyse findings, start to formulate the policy by considering what needs to be included, which may also involve undertaking a consultation, evaluate the findings, produce recommendations for considerations for inclusion within the policy and then publish and implement the policy. A review and evaluation of the implemented policy would take place after a pre-determined period of time to ensure that it is meeting all requirements or if not to then identify areas for improvement.