1.2 Are the requirements of the a reassessment of the business case requirements, • business case complete or including strategic, economic, financial, commercial does the tender decision and project management factors require the business case to an updated business case if required • be amended and/or 1.3 Does the recommended way key objectives revisited against final tender and • forward meet the business proposed solution need? 1.4 Has the most appropriate a cost-benefit and risk analysis against final bid • option been selected? information and results of evaluation, including sensitivity analysis the preferred option complies with the • requirements/ specifications and evaluation criteria 1.5 Does the commercial market assessment, other agency benchmarks and • arrangement represent value previous experience for money, with an results of evaluation, demonstrating how for • appropriate level of quality money is achieved over the whole life of the an assessment of the supplier’s funding project? • arrangements, if appropriate if a PPP arrangement is proposed, PPP guidelines • should have been addressed 1.6 Is the agency realistic about a documented understanding of cultural • its ability to manage the implications, where appropriate change? comparison with other similar projects • 1.7 Does the business case still an updated business case incorporating bid • demonstrate affordability information, including: when incorporating the changes from established budget • proposal? returns and value recalculated with a new benefits • plan compared with budget and pre-tender • estimates 1.8 Is an agreed plan for the a benefits management strategy and plans, • realisation of anticipated including: benefits? critical success factors • a list of the individuals responsible for delivering • and achieving benefits identified the agreed process for measuring benefit • a post-implementation review plan identifying • areas to be assessed payment mechanisms linked to benefits • realisation, where appropriate 1.9 Have suitable stakeholders involvement of stakeholders and business or user • been involved and, if so, what representatives in the quality and proposal reviews has been their involvement? stakeholder representation on the evaluation team • approval by the Project Steering Committee and • Senior Responsible Official 2. Assessment of the Proposed Solution Areas to probe Evidence expected
1.2 Are the requirements of the business case complete or does the tender decision require the business case to be amended and/or • a reassessment of the business case requirements, including strategic, economic, financial, commercial and project management factors • an updated business case if required 1.3 Does the recommended way forward meet the business need? • key objectives revisited against final tender and proposed solution 1.4 Has the most appropriate option been selected? • a cost-benefit and risk analysis against final bid information and results of evaluation, including sensitivity analysis • the preferred option complies with the requirements/ specifications and evaluation criteria 1.5 Does the commercial arrangement represent value for money, with an appropriate level of quality over the whole life of the project? • market assessment, other agency benchmarks and previous experience • results of evaluation, demonstrating how for money is achieved • an assessment of the supplier’s funding arrangements, if appropriate • if a PPP arrangement is proposed, PPP guidelines should have been addressed 1.6 Is the agency realistic about its ability to manage the change? • a documented understanding of cultural implications, where appropriate • comparison with other similar projects 1.7 Does the business case still demonstrate affordability when incorporating the proposal? • an updated business case incorporating bid information, including: • changes from established budget • returns and value recalculated with a new benefits plan • compared with budget and pre-tender estimates 1.8 Is an agreed plan for the realisation of anticipated benefits? • a benefits management strategy and plans, including: • critical success factors • a list of the individuals responsible for delivering and achieving benefits identified • the agreed process for measuring benefit • a post-implementation review plan identifying areas to be assessed • payment mechanisms linked to benefits realisation, where appropriate 1.9 Have suitable stakeholders been involved and, if so, what has been their involvement? • involvement of stakeholders and business or user representatives in the quality and proposal reviews • stakeholder representation on the evaluation team • approval by the Project Steering Committee and Senior Responsible Official 2. Assessment of the Proposed Solution Areas to probe Evidence expected
A_Handbook_for_Conducting_Assurance_Reviews_FMR_7.docx