This paper proposes a process for developing a comprehensive policy life-cycle management (PLM) framework that institutionalises the essential elements of regulatory policy life-cycle implementation. Central banks face challenges during the life-cycle processes of regulatory policy management. The evident reasons for some of these challenges are missing significant policy quality attributes (PQAs) associated with the dynamics of multidimensional constraints that negatively impact the policies' return. This paper suggests using PQAs to formalise a systematic and comprehensive PLM framework. Thematic analysis of data collected at Saudi Central Bank (SAMA) revealed thirteen policy life-cycle challenges and identified eleven PQAs. The constructed PLM framework encompasses six phases: engineering, analysis, evaluation, execution, monitoring, and optimisation. The application of the PLM framework and its PQAs in a single case study provides insights into its potential usability and strength in improving regulatory policy implementation more broadly. The extended PLM framework's contribution is to open avenues of research and inform practice for diverse stakeholders such as regulatory authorities, policy science community engagement, and on-the ground regulatory policy initiatives.

本文提出了开发综合政策生命周期管理（PLM）框架的过程，该框架将监管政策生命周期实施的基本要素制度化。中央银行在监管政策管理的生命周期过程中面临挑战。这些挑战中某些明显的原因是缺少与多维约束动态相关的重要的政策质量属性（PQA），这些属性会对政策的回报产生负面影响。本文建议使用PQA来规范化一个系统的，全面的PLM框架。对在沙特中央银行（SAMA）收集的数据进行的主题分析揭示了13个政策生命周期挑战，并确定了11个PQA。构建的PLM框架包含六个阶段：工程，分析，评估，执行，监视，和优化。PLM框架及其PQA在单个案例研究中的应用提供了其潜在可用性和在更广泛地改善监管政策实施方面的优势的见解。扩展的PLM框架的贡献在于为监管机构，政策科学界的参与以及实地监管政策计划等各种利益相关者开辟了研究渠道并为实践提供了信息。