Concept Approval and Business Case - Department of Treasury

Strategic Asset Management FrameworkRecommendationsBased on the above value for money comparison, this section should recommendthe best and alternative options, and the next steps to ensure that the significantimplementation issues are addressed.Examples of significant implementation issues include: the governance andaccountability system that would be established in an agency (and with relatedagencies); and any resource or capacity constraints for which detailed planningand corrective action should start soon to ensure that an agency can deliver theinvestment option as proposed.Options• Which of the shortlisted options is the recommended one, and why?• Which are the next-best, alternative options, and why do they offer less valuefor money than the recommended one?Implementation IssuesGovernance/Accountability• What governance and accountability arrangements would the agency apply toensure successful implementation including the:−−timing for regular progress and benefit realisation reports; and theinternal and other agency officers and committees that should be involved,and the value-add and timing for each?Resources/Agency Capacity• Which options are safely within, and which are beyond the capacity of theagency to deliver through the use of existing experience, skills and resources?• What additional resources would the agency need to develop and implementeach option, and how would these be obtained?Planning and Delivery• What would be the scope, cost and timing of the project development work?• What key approvals would be required, for example to commence landacquisitions, or formal negotiations with stakeholders?22Exposure Draft – December 2010