You should then assess each of these options through a rigorous process to determine which are likely to most benefit the Australian community. The purpose of this stage is to present a wide range of options, including a base case, to address an identified problem or opportunity. These have been modified from Infrastructure Australia guidance for application in a broader range of policy proposals. For infrastructure projects where Australian Government funding sought is greater than $250 million please refer to the Infrastructure Australia Assessment Framework.ġ.
The essential elements of a business case are outlined below. To ensure that it achieves its purpose the business case should be continually updated throughout the development and decision-making process to include the best information available, while taking into account whole-of-life cycle considerations. The business case should clearly outline the nature of the policy problem the investment is seeking to address that directly links to the goals and objectives of the Government in the market/sector in which the investment is proposed.Ī business case is considered the key document to support investment decision-making. The completion of a detailed business case on investment proposals coming forward is encouraged.
Please read the below in conjunction with the Cost Estimation Toolkit.Ī business case sets out the problem or opportunity, considers options, analyses costs, benefits and risks, and ultimately supports an investment decision.
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