High Value High Risk


Under the High Value High Risk (HVHR) Framework, infrastructure and ICT projects identified as being high value and/or high risk are subject to more rigorous scrutiny and approval processes.

The HVHR Framework also applies to proposals presented to Government under its Market-led Proposals Guidelines released in November 2015. 

Increased central oversight extends through various stages of investment development and implementation.

The objective is to increase the likelihood that major infrastructure and ICT investments are delivered successfully, on time and budget.

The Framework applies to all general government sector infrastructure and ICT investments that:

  • have a total estimated investment (TEI) greater than $100 million funded through the budget process, regardless of funding source;
  • are identified as high risk to government using an appropriate risk assessment process; or
  • are determined by the Government as warranting the rigour of increased oversight.

The Government may also nominate projects to be part of this process.

HVHR investments are subject to extra scrutiny and ongoing involvement by the Treasurer and the Department of Treasury and Finance (DTF) as indicated in the summary table below.

This includes a requirement to obtain the Treasurer’s approval of project documentation at key stages of the project’s lifecycle.

Stage  Action 
Business case approval    
  • Assessment of preliminary business case quality and policy merit, where there is a two stage budget process.
  • Treasurer's approval of final business case: project deliverability (on time and on budget).
  • Only robust business cases can be submitted to government for funding consideration. 
 Project tendering

 Treasurer's approval of:

  • all procurement documentation prior to release (with the exception of low-risk expressions of interest);
  • preferred bid contracts, prior to signing; and
  • any major variations.
 Project implementation

 Closer oversight by DTF of:

  • time, scope and budget reporting and analysis; and
  • any agreed interventions or remedial actions.


High Value High Risk projects and Gateway reviews

HVHR projects are also subject to compulsory Gateway reviews and active monitoring throughout the life of the project.

There are four HVHR characteristics that impact the Gateway review process (GRP):

  • Gateway reviews (Gates 1 through 6) are compulsory for all new HVHR projects;
  • all individual recommendations in a Gateway report with a 'red rating' must be reported to the Treasurer outlining the risk mitigation/s. The report will be submitted to the Treasurer via DTF and must use a recommendation action plan (RAP). This is for Gates 1 to 4 only. See reporting Gateway red flags in related publications;
  • HVHR projects are required to develop a preliminary business case, where there is a two stage budget process, and complete a Gate 1 review; and
  • all proposals that pass through the filtering process to develop a full business case will require a Gate 2 review prior to it being submitted to government.

An overview of how the HVHR framework, including the Gateway Review Process, is applied to market-led proposals can be found below: