These questions are addressed in more detail and expanded on in stage 2 STAGE 2: PROVE Solution focus Use this checklist to assist with the preparation of a full business case Before proceeding to stage 2 questions, revisit questions 1–12 from stage 1. Have the issues requiring resolution been addressed and are they supported by sufficient evidence? Maybe No ? Yes Now proceed to stage 2 Stage 2 questions revisit and build on your responses to the solution’ in stage 1. ‘indicative VALUE FOR MONEY COMMERCIAL AND MANAGEMENT DELIVERY FINANCIAL 1. Have the project options 5. Is the solution specified 9. Is the governance 13. Has an appropriate change been specified clearly, clearly and fully structure identified and is management strategy including key risks, (all business changes and it appropriate for this been provided to support assumptions, constraints assets)? investment? benefit delivery? and dependencies? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? 2. Consistent with the 6. Have all significant risks 10. Is there evidence that the 14. Are the proposed preferred strategic been identified along with implementing timelines and investment option, has a reasonable strategies for their organisation has the milestones reasonable? spread of project options management? capability and capacity to been analysed? mobilise and deliver this investment? Yes No ? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? 3. Is the recommended 7. Has the recommended 11. Have relevant 15. Has an appropriate project solution the best solution been stakeholders been benefits management value for money way to appropriately costed identified along with strategy been outlined? respond to the problem (including risk strategies to manage and deliver the expected adjustment)? their engagement? benefits? Yes Maybe No ? Yes Maybe No ? Yes No ? Yes Maybe No ? 4. Is the procurement 8. Have alternative sources 12. Has a robust project 16. Has the transition from strategy the most of funding been management strategy construction to operation appropriate for this considered? been outlined? been adequately investment and considered? attractive to the market?
These questions are addressed in more detail and expanded on in stage 2 STAGE 2: PROVE Solution focus Use this checklist to assist with the preparation of a full business case Before proceeding to stage 2 questions, revisit questions 1–12 from stage 1. Have the issues requiring resolution been addressed and are they supported by sufficient evidence? Yes Maybe No ? Now proceed to stage 2 Stage 2 questions revisit and build on your responses to the ‘indicative solution’ in stage 1. VALUE FOR MONEY COMMERCIAL AND FINANCIAL MANAGEMENT DELIVERY 1. Have the project options been specified clearly, including key risks, assumptions, constraints and dependencies? 5. Is the solution specified clearly and fully (all business changes and assets)? 9. Is the governance structure identified and is it appropriate for this investment? 13. Has an appropriate change management strategy been provided to support benefit delivery? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? 2. Consistent with the preferred strategic option, has a reasonable spread of project options been analysed? 6. Have all significant risks been identified along with strategies for their management? 10. Is there evidence that the implementing organisation has the capability and capacity to mobilise and deliver this investment? 14. Are the proposed timelines and investment milestones reasonable? Yes No ? Yes Maybe No ? Yes Maybe No ? Yes Maybe No ? 3. Is the recommended project solution the best value for money way to respond to the problem and deliver the expected benefits? 7. Has the recommended solution been appropriately costed (including risk adjustment)? 11. Have relevant stakeholders been identified along with strategies to manage their engagement? 15. Has an appropriate benefits management strategy been outlined? Yes Maybe No ? Yes Maybe No ? Yes No ? Yes Maybe No ? 4. Is the procurement strategy the most appropriate for this investment and attractive to the market? 8. Have alternative sources of funding been considered? 12. Has a robust project management strategy been outlined? 16. Has the transition from construction to operation been adequately considered?
Investment%20assessment%20checklist%20-%2016%2B%20questions_0.docx