Assessment Framework - …

1 Assessment FrameworkFor initiatives and projects to be included in the Infrastructure Priority ListM arc h 2018 AINTRODUCTION THIS Framework INCLUDES:BSTAGES IN DETAILCTEMPLATES AND CHECKLISTSDDETAILED TECHNICAL NOTESEAPPENDICESI nfrastructure australia is an independent statutory body that is the key source of research and advice for governments, industry and the community on nationally-significant infrastructure leads reform on key issues including means of financing, delivering and operating infrastructure and how to better plan and utilise infrastructure australia has responsibility to strategically audit australia s nationally-significant infrastructure, and develop 15 year rolling infrastructure plans that specify national and state level : 978-1-925352-29-0 OnlineISBN.

2 978-1-925352-31-3 Ownership of intellectual property rights in this publicationUnless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of australia (referred to below as Infrastructure australia ). Infrastructure australia 2018 DisclaimerThe material contained in this publication is made available on the understanding that the Commonwealth is not providing professional advice, and that users exercise their own skill and care with respect to its use, and seek independent advice if Commonwealth makes no representations or warranties as to the contents or accuracy of the information contained in this publication.

3 To the extent permitted by law, the Commonwealth disclaims liability to any person or organisation in respect of anything done, or omitted to be done, in reliance upon information contained in this Commons licenceWith the exception of the Coat of Arms, the copyright in this publication is licensed under a Creative Commons Attribution australia Commons Attribution australia Licence is a standard form licence agreement that allows you to copy, communicate and adapt this publication provided that you attribute the work to the Commonwealth and abide by the other licence summary of the licence terms is available from full licence terms are available from publication should be attributed in the following way: Infrastructure australia 2018 CONTENTSGLOSSARYAINTRODUCTIONBSTAGES IN DETAILCTEMPLATES AND CHECKLISTSDDETAILED TECHNICAL NOTESEAPPENDICESASSESSMENT Framework , MARCH 2018 / Introduction.

4 4 Introduction to Part A ..4A1. Infrastructure australia Assessment Framework .. About Infrastructure australia .. Infrastructure australia s role .. Purpose of the Assessment Framework .. Structure of the Assessment Framework .. Benefits of using the Assessment Framework ..6A2. Summary of the Assessment Framework .. Assessment Framework stages ..7A3. Process of engaging with Infrastructure australia and making submissions .. Overview of the Infrastructure australia engagement process.

5 How to make a submission for the Infrastructure Priority List (IPL) .. Criteria used to assess and prioritise submissions Removal of initiatives and projects from the IPL . Improving engagement with Infrastructure australia ..16 Stages in detail ..17 Introduction to Part B ..17B1. Stage 1: Problem Identification and Prioritisation .. Stage overview .. Process for understanding problems and opportunities .. Understanding and measuring the problem or opportunity .. Alignment with government priorities and other current and future programs and projects.

6 What is nationally significant? .. Problem Identification and Prioritisation process ..24B2. Stage 2: Initiative Identification and Options Development .. Stage overview .. Range of options that should be considered .. Developing options to address a problem .. Level of detail required for development of options .. Options Assessment process .. Output of options Assessment .. Initiative Identification and Options Development process ..28B3. Stage 3: Business Case Development.

7 Stage overview .. Economic appraisal .. Summary of detailed CBA requirements .. Business Case Development process ..33B4. Stage 4: Business Case Assessment .. Stage overview .. Infrastructure australia process for assessing a business case .. IPL project prioritisation listing .. Information required to be submitted to Infrastructure australia .. Business Case Assessment process ..37B5. Stage 5: Post Completion Review .. Stage overview .. Best practice Post Completion Post Completion Review approach.

8 40 ContentsABCONTENTSGLOSSARYAINTRODUCTIONB STAGES IN DETAILCTEMPLATES AND CHECKLISTSDDETAILED TECHNICAL NOTESEAPPENDICES1 Assessment Framework , MARCH 2018 / Templates and checklists ..42 Introduction to Part C ..42C1. Template for Stage 1: Problem Identification and Prioritisation .. Overview .. Problem/opportunity description .. Confidentiality ..46C2. Template for Stage 2: Initiative Identification and Options Development .. Overview ..48 Initiative Identification and Options Development.

9 Initiative short-listing .. Confidentiality ..51C3. Template for Stage 4: Business Case Assessment ..52 Project overview and strategic alignment ..54 Economic, social and environmental appraisal .. Deliverability .. Confidentiality ..61C4. Checklist for Stage 1: Problem Identification and Prioritisation ..62C5. Checklist for Stage 2: Initiative Identification and Options Development .. Step 1: Initiative description .. Step 2: Capital and non-capital solutions .. Step 3: Initiative identification long-list process.

10 Step 4: Cost and funding .. Step 5: Key risks or sensitivities .. Step 6: Supporting Step 7: Short-listing of options .. Step 8: Next steps .. Step 9: Confidentiality ..67C6. Checklist for Stages 3 & 4: Business Case Development and Business Case Assessment .. Step 1: Define the base case .. Step 2: Describe the project case options .. Step 3: Strategic alignment of the project case options .. Step 4: Economic modelling key assumptions .. Step 5: Deliverability .. Step 6: Post Completion Review strategy.