These guidelines provide practical assistance to anyone developing investment projects in Victoria. They help shape proposals, inform investment decisions, monitor project delivery and track the benefits of investments.
They emphasise the need to better align the policies, programs and projects of departments and agencies with government priorities and outline the requirements under the high value high risk process. The guidelines will help ensure government investments provide maximum benefit to Victoria.
DTF has recently released a new real options technical supplement to these guidelines. Investing under uncertainty is available on the Technical Guides page.
There are five stages in the investment process: 1. Conceptualise (planning), 2. Prove (business case development), 3. Procure (procurement), 4. Implement (delivery), 5. Realise (investment evaluation).