Company policy and guidelines

							Attachment E
16 Questions
Investment decision checklist

     Problem                         Benefits                      Strategic response                            Solution
 Is it clear what the     Have the benefits that will result      Have a sufficient range of          Consistent with the strategic
problem is that needs      from fixing the problem been          strategic interventions been       interventions, have a reasonable
  to be addressed?              adequately defined?                        explored?                  range of project options been
   (both the cause                                                 (demand, productivity &                      analysed?
      and effect)                                                            supply)

  Yes Maybe No ?                 Yes Maybe No ?                       Yes Maybe No ?                         Yes Maybe No ?

 Is there evidence to      Will the KPIs that have been             Is it clear what strategic             Is the proposed solution
confirm the cause and      specified provide reasonable         interventions are proposed and            specified clearly and fully?
effect of the problem?    evidence that the benefits have            the rationale for their            (all business changes and any
                                  been delivered?                            selection?                             assets)

  Yes Maybe No ?                 Yes Maybe No ?                       Yes Maybe No ?                         Yes Maybe No ?

Does the problem need      Are the KPIs both measurable         Are the proposed interventions        Is the proposed solution an
to be addressed at this    and totally attributable to this     the most effective response to      effective way to respond to the
        time?                       investment?                          the problem?                   problem and deliver the
                                                                (comprehensive and balanced)               expected benefits?

  Yes Maybe No ?                 Yes Maybe No ?                       Yes Maybe No ?                         Yes Maybe No ?

Is the problem specific   Are the benefits of high value to     Are the proposed interventions           Can the solution really be
  to this investment?            the organisation?                         feasible?                             delivered?
 (or should a broader        (furthering its objectives)                                                 (costs, risks, timeframes,
 perspective be taken)                                                                                       governance, etc).

  Yes Maybe No ?                 Yes Maybe No ?                       Yes Maybe No ?                         Yes Maybe No ?




                                                    Are the cost              Is the procurement                Has stakeholder
                                                assumptions realistic        strategy appropriate             commitment been
                                               and can the solution be       for this investment?            identified along with
                                                  delivered for the                                          strategies to manage
                                                  estimated cost?                                              the engagement?

                                                 Yes Maybe No ?               Yes Maybe No ?                  Yes Maybe No ?

                                                Have all relevant risks        Is the governance               Are the proposed
                                                   been identified         structure identified and          timelines reasonable?
                                                    together with          is it appropriate for this
                                                 strategies for their              investment?
                                                   management?

                                                 Yes Maybe No ?               Yes Maybe No ?                  Yes Maybe No ?




Atrachment E                                                                                                                             Page 1