The key deliverable for this stage is the completion of a full business case for submission to Government.
Before committing to an investment, the decision-maker needs to be confident that the following questions are answered in the business case:
- What is the problem, issue or service need?
- What are the benefits from addressing the problem?
- Is there a compelling case for investing?
- Can the project be delivered as planned?
High Value High Risk (HVHR) investments
For all HVHR projects, Gate 1 (concept and feasibility) and Gate 2 (business case) reviews must be carried out before the Government considers the full business case.
For projects over $10 million, the Project Profile Model must be submitted with the Business Case.