Between $10 million and $100 million
You are preparing a proposal of between $10 million and $100 million. You will need to prepare a full business case, including an appropriate economic assessment.
An asset initiative of between $10 million and $100 million involves the preparation of a ‘full business case’, which requires a detailed evaluation of the shortlisted options and a recommended solution for funding and implementation.
A description of the investment lifecycle describes the full process of developing and implementing initiatives.
The following guidance can be found on the DTF website to help you prepare your business case:
- An overview of the DTF guidance regarding the process for Stage 2
- The template for a full business case
- The Project Profile Model form and instructions.
How should I undertake the economic assessment?
Guidance on undertaking economic assessment ( docx - 262.9 KB) has been developed for staff to assist when performing, commissioning and evaluating economic assessments. Further guidance on specific variables and methods is also available.
Cost-benefit analysis is recognised as leading practice economic assessment and is the recommended approach across the Victorian Government. In practice it may not be possible to undertake a cost-benefit analysis for all proposals and other methods may be used on an exceptions basis.
All economic assessments should be guided by the principle of proportionality, such that the investment in undertaking an economic assessment should be proportional to the scale and risk of the particular issue, initiative or investment.
Q: What is the purpose of the economic assessment?
A: I am preparing a business case.
Q: What is the business case for?
A: An asset or capital investment.
Q: Is the proposal high risk?
A: No, the proposal is not high risk.
Q: What is the value of the proposal?
A: Between $10 million and $100 million
Page last updated: 17 July 2017