
Investment Reviews
Media investment reviews
Review what media was approved, what ran, what the business recorded and which investment decision the evidence supports.
A media investment review answers four questions: what was approved, what ran, what the business recorded, and what the evidence supports next. Keep delivery, supplier-credited response and business outcomes separate. A favourable dashboard figure does not settle whether the investment worked.
Reconstruct the investment
Start with the approved brief, booking versions and spending ceiling. Record market, offer, intended audience, channel roles, flight dates and outcome definition. Add dated changes to spend, targeting, creative and availability. Review the campaign that ran while retaining the original plan, so deviations remain visible.
Use one cost basis. Show media, directly required services and production separately, in AUD with the GST treatment stated. Distinguish commitments, actual charges and unresolved credits. This establishes the investment being judged; detailed invoice reconciliation belongs in the commercial close-out.
| Record | Question it answers |
|---|---|
| Approved plan and changes | What was intended, and what changed? |
| Delivery and coverage | Did the bought activity run for the intended audience and period? |
| Channel response | What did each supplier record or credit under its rules? |
| Business outcome | What did the organisation record under the agreed definition? |
| Evidence limits | Which comparisons remain uncertain or unavailable? |
| Decision | What will change, and when will it be checked? |
Key Elements to Include in a Media Investment Review
- Approved plan and changesDocument all modifications to budget, targeting, creative, availability
- Delivery and coverageConfirm placements ran for correct audience and duration
- Channel responseRecord supplier-reported activity under their rules
- Business outcomeUse agreed definition; include duplicates and exclusions
- Evidence limitsIdentify unverifiable or unavailable comparisons
- DecisionState action, amount, reason, owner, effective date, next check
Compare delivery with the intended opportunity
Check placements, dates, spend and audience coverage against matching plan fields. A reach forecast is an estimate for its specified settings; it is a delivery commitment only if the agreement makes it one. Delivered reach may be modelled or unavailable. Compare like units, populations and periods, and show missing audience evidence as missing rather than zero.
Interpret a variance against the channel's job. A buy can meet its impression target while concentrating exposure among fewer people than intended. Another can run on schedule outside the useful service area. Record the affected line, measurement limit and practical consequence before choosing a response.
Approved Plan vs. Delivered Activity: Key Differences
- Placements
- Check against planned dates and locations
- Spend
- Compare approved ceiling with actual charges (GST included)
- Audience Coverage
- Match intended demographic to delivered reach; show missing evidence as 'not available'
- Delivery Timing
- Ensure flight dates align with original plan; note deviations
Explain the result without double counting
Present the agreed business outcome once, with its source, period and treatment of duplicates and exclusions. Put channel delivery and supplier-credited actions beside it as diagnostic evidence. Suppliers may use different conversion windows and counting rules; more than one report may credit activity connected to the same customer. Adding those figures does not produce a unique campaign result.
Build the account in time order: activity, offer availability, recorded response and business outcome. Include material changes such as a price revision, stock gap or broken enquiry path. Distinguish an observed change from a claim that media caused it. Estimating additional outcomes requires a suitable comparison method and its assumptions.
Identify evidence gaps
A poor measured outcome and poor evidence are different findings. One channel may have delivered valid activity but few accepted enquiries. For another, the intended placement, audience or outcome may be impossible to check. For each evidence gap, record the affected spend where it can be identified, the missing link, whether it can be recovered and the decision it prevents.
Do not call untracked sales zero sales. Equally, a measurement gap does not excuse a placement shown to have missed the brief. The review can identify a delivery fault while leaving its business effect unknown.
Assess platform-related context
For a review involving digital platforms, distinguish campaign results from wider evidence about consumer and competition risks. The ACCC’s tenth and final Digital Platform Services Inquiry report, published on 23 June 2025, said Australian consumers and businesses continued to encounter harmful practices across a range of digital platform services.
The ACCC reported that 72 per cent of Australian consumers surveyed had encountered potentially unfair online shopping practices, including accidental subscriptions or hidden fees. This is a national survey finding, not a campaign performance measure; do not use it as a target or as evidence that a particular campaign caused harm.
The report described manipulative design practices, such as interfaces directing people to more expensive subscription or purchase options. Where relevant to the campaign, record whether the customer journey involved these kinds of practices and whether they could affect the interpretation of response or business outcomes.
The ACCC also cited examples of small businesses losing access to customers when an account is deactivated, or facing a fake review on a search engine or marketplace. If such an issue affected the campaign, include its timing and practical effect in the decision record rather than treating platform-reported activity as the whole account.
ACCC Survey Findings on Digital Platform Risks (Australia, 2025)
- Consumers affected by unfair practices
- 72%
- Small businesses impacted by account deactivation
- Reported cases exist
Use wider evidence carefully
The ACCC’s consumer survey found that 82 per cent of respondents agreed there should be a specialised independent external dispute resolution body for digital platform services. This indicates concern reported by survey respondents; it does not establish a campaign-specific result or determine the appropriate media investment decision.
The ACCC administers and enforces the Competition and Consumer Act 2010 and other legislation. A media review can flag a platform or customer-practice issue for appropriate follow-up, but should not present a campaign performance finding as a legal conclusion.
Using ACCC Survey Data in Media Investment Reviews
- Pros
- Highlights systemic risks in digital platforms that may affect campaign performance
- Cons
- Not campaign-specific; cannot be used as direct performance evidence or legal justification
Make the next investment decision
For each channel, record a dated action: maintain, reallocate a bounded amount, retest a specific uncertainty or stop future spend. State the evidence behind the choice. Check commitments and the receiving channel's capacity before moving money. If the proposed decision depends on additional business caused by a channel, use an appropriate effect estimate or make a smaller decision supported by the available evidence.
Close with the action, amount or scope, reason, owner, effective date and next check. Carry unresolved questions into the next brief.
Process for Media Investment Review
- Reconstruct the investmentReview approved brief, changes, spend limits, audience, channel roles, flight dates
- Compare delivery to intentAlign placements, spend, timing, audience with original plan
- Explain results without double countingUse one business outcome source; separate supplier reports
- Identify evidence gapsRecord missing data, affected spend, and recoverability
- Assess platform contextNote manipulative design or access issues affecting outcomes
- Make next decisionMaintain, reallocate, retest or stop spend with clear rationale
In this guide
- Comparing planned and delivered audience coverageMatch audience, period and reach definitions before interpreting a gap between forecast coverage and delivered media.
- Explaining a campaign result across several channelsExplain a multi-channel campaign result using one business outcome, channel delivery, reporting rules and known limits.
- Identifying spend that produced little useful evidenceFind media spend that failed to answer its intended question and distinguish weak results from missing evidence.
- Deciding whether to reallocate, retest or stop a media channelUse delivery, outcomes, uncertainty and commitments to decide whether to move spend, retest or stop a channel.



