The Project Team should present the indicative Tier assessment in the EPP for discussion with MPC, FABG and ICA. This presentation should include the preliminary risk assessment and capital cost estimate for the project, which provide the rationale for the Tier allocated. Where the Project Team has identified the need to include additional analyses beyond the minimum mandatory tier requirements, it should also present this in the EPP for discussion with MPC, FABG and ICA. For Programs and Precincts, where the Project Team proposes a Tier assessment that deviates from the Tier classification matrix, it must provide a clear rationale for this in the EPP.
During and following the EPP, MPC, FABG and ICA may provide advice and make recommendations on the Tier assessment for the project. They will also advise on the next steps that the Project Team should take within Stage 1 – Develop of the Capital Framework and the activities required as part of Stage 2 – Prove of the Capital Framework.
Although alignment with FABG’s recommendation of the Tier assessment is not mandatory, it is desirable. Deviation from FABG’s advice may result in the Project Team having to undertake additional analysis or rework at a later stage to support Cabinet decision making.
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