What is the role of the Competitive Sourcing Management Steering Group in public-private competitions?

The role of the Competitive Sourcing Management Steering Group in public-private competitions primarily involves providing guidance related to their expertise. This group is tasked with ensuring that the competitive sourcing process aligns with best practices and strategic objectives. By offering expert insights, they help agencies navigate the complexities of competition between public and private sector services, ultimately aiming to enhance efficiency and effectiveness in service delivery.

The focus on guidance is crucial as it allows the group to leverage their knowledge and experience in sourcing strategies, which is essential for making informed decisions throughout the competition process. Their role is integral in shaping policies and procedures that govern how public-private partnerships are formed and managed, thus contributing to the overarching goal of maximizing value for government operations.

In this context, the other options pertain to different functions that may not align directly with the primary responsibilities of the Steering Group. While financial oversight, conducting audits, and managing public engagements are important aspects of competitive sourcing, they fall outside the scope of the Steering Group's focus on providing strategic guidance based on expertise.