Once the Project Team has finalised the ILM through the process outlined in this guidance, it should consider the project’s (or recommended solution’s) scope, risks and delivery model. The Project Team should also revisit the Tier assessment to ensure its suitability. This process is shown in the diagram below.
The Project Team should discuss with iCBR, FABG and ICA the final Tier and any additional analyses that are appropriate over and above the minimum reporting requirements of Stage 2 – Prove. This discussion must occur prior to the project progressing to Stage 2 – Prove.
Next steps of the Capital Framework
The Interdependencies section of this guide provides an overview of how the ILM is used in further stages of the Capital Framework.
Following Stage 1 – Develop, the Project Team can commence the Business Case assessment in Stage 2 – Prove. This stage involves the development of a Business Case, including a detailed assessment of the problems or opportunities, benefits and options identified in the ILM.
Footnotes: