Concept Approval and Business Case - Department of Treasury
Concept Approval and Business Case - Department of Treasury
Concept Approval and Business Case - Department of Treasury
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Strategic Asset Management FrameworkACA <strong>Business</strong> <strong>Case</strong> Project Definition Planimpact; agency financial;agency performance; <strong>and</strong>economicCostRough Order Magnitude/best available benchmarksIndicative contingency(benchmarked)High-quality estimates byappropriately experiencedpeople (similar to quantitysurveyor st<strong>and</strong>ard <strong>and</strong>method)Closely calculatedcontingency by line item(justified / not broad brush)Closer to tender-quality/fullyitemised / based on detailedunderst<strong>and</strong>ing <strong>of</strong> assetscope <strong>and</strong> riskAccurate cost, <strong>and</strong> justifiedcontingencyScheduleIndicative, but realistic/conservative (based onresults from actual projects)Accurate, detailed <strong>and</strong> wellconstructedRefined scheduleRiskMain risks <strong>and</strong> mitigationflagged (esp. lessonslearned from similarproposals)Sound strategies for: riskmanagement; useracceptance; stakeholderengagement (etc)Comprehensive strategies<strong>and</strong> plansImplement-ationGovernance <strong>and</strong>implementation resources<strong>and</strong> processes sketchedClear implementation plan,with governance requirementsestablishedStrategies established formajor issues including: benefitrealisation; project delivery;stakeholder engagement <strong>and</strong>communicationRefined/final implementationplans <strong>and</strong> strategies (basedon detailed projectunderst<strong>and</strong>ing)26Exposure Draft – December 2010
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