Significant investment proposal – point of entry

Lead Organisation		ICR
Other Organisations	If applicable
Investment proposal	Name of proposal
Senior Responsible Officer	Lead organisation only
Date and version

Expected level of investment and risk
Whole of life costs (see Note 1)	Risk (see Note 2)
<$15m	$15m-$50m	$51m-$150m	>$150m	High	Medium	Low

Background – Linkage to strategic intentions and investment plans

This section should describe the Think: Investment Possibilities phase and the linkage of the proposal with the organisation’s agreed strategic intentions as described in the Long Term Investment Plan and the medium term plan (e. g. Four year Plan for central government agencies) If the proposal does not feature in these intentions and plans include a brief description of the key drivers of change, the circumstances that have given rise to this proposal and alignment to strategic intentions (for example, alignment to government priorities or the organisation’s statement of intent) Describe any relevant previous decisions and funding arrangements, including tagged contingencies

Business case pathway – Informing the investment choice (see Note 3)
Programme	or	Project	Business Case Type	i. e. business case type
Briefly describe the investment choice pathway including: ·  Any previous business case and/or other assessments ·  Proposed business case/assessment for this phase including indicative timeframes ·  Any proposed business case for next phase including timeframes. The pathway should be fit for purpose for the investment choice to be considered. It should recognise the level of investment and risks. Please note that where new Crown funding is being sought the timeframes should be aligned to the annual Budget process. Explain how the business case pathway (for the investment decision) aligns with the policy development pathway (for the policy decision)

Assurance pathway (see Note 4)

Briefly outline the intended assurance arrangements to provide comfort to reviewers within your organisation(s) that business case is complete and robust Briefly outline the intended assurance arrangements to provide comfort to Corporate Centre reviewers and decision makers that business case is complete and robust

Decision pathway

Briefly outline the key decisions that the decision will support and the decision pathway including lead and supporting organisation, and Ministers Explain how the investment decision aligns with the policy decision

Development costs (indicative only)
	Strategic Assessment	Programme Business Case	Indicative Business Case	Detailed or Single Stage BC	Implementation Business Case
Development
Assurance

Sign-off
Senior Responsible Officer	Name (lead organisation only)	Date
Corporate Centre
Treasury Vote team	Name	Date
GCIO (if applicable)	Name	Date
Government Procurement (if applicable)	Name	Date
PMCOE (if applicable)	Name	Date
Business case DEVELOPMENT approach FOR THIS PHASE (see Note 5)
Strategic Case
If applicable to the proposed business case type describe the approach that will be used to develop the strategic case including the key methods and tools that are being used to identify the drivers for change, the proposal’s investment objectives and benefit areas, and the potential business/service requirements.
Economic Case
If applicable to the proposed business case type describe the approach: a)  that will be used to identify a range of options, create a shortlist for options for further evaluation and identify a preferred option b)  that will be used to develop monetary and non-monetary benefits and costs c)  that will be used to assess risk and uncertainty
Commercial Case
If applicable to the proposed business case type describe the approach to developing the commercial case. Any significant deviations from the applicable business case guidance should be noted.
Financial Case
If applicable to the proposed business case type describe the approach to developing the financial case. Any significant deviations from the applicable business case guidance should be noted.
Management Case
If applicable to the proposed business case type describe the approach to developing the financial case. Any significant deviations from the applicable business case guidance should be noted.

Guidance Notes for completing this Point of Entry document

General guidance

The purpose of this document is determine the applicable point of entry with the Better Business Cases (BBC) process and to determine the appropriate level of analysis for significant investment proposals. The reviewer assessment tool for each business case type should be used to ensure that the approach will address the key reviewer criteria. The reviewer assessment tools are available at http://www. treasury. govt. nz/statesector/investmentmanagement/plan/bbc/guidance

Organisations may want to seek the support for planning their point of entry and the development of the business pport is available from:

·  Your Treasury vote team

·  The Treasury IMAP team for general guidance on the investment management and BBC http://www. treasury. govt. nz/statesector/investmentmanagement/plan

·  BBC Endorsed Experts for more specific guidance on the application of BBC http://www. treasury. govt. nz/statesector/investmentmanagement/plan/bbc/experts

·  Government Procurement (MBIE) for guidance on the planning market engagement and the commercial case (http://www. business. govt. nz/procurement/for-agencies/guides-and-tools/procurement-toolkit

·  PMCOE (MSD) for guidance of the development of proposals that are likely to feature a property component https://www. msd. govt. nz/about-msd-and-our-work/about-msd/our-structure/pmcoe/

·  Specific guidance

Note 1	Whole of life costs (WOLC) means the present value of total cash costs of an investment over its life cycle, calculated using the WOLC guidance and the relevant Public Sector Discount Rate. WOLC guidance is available at http://www. treasury. govt. nz/publications/guidance/planning/costbenefitanalysis/lifecosts-guidance. pdf
Note 2	The risk rating is informed by the Gateway Risk Profile Assessment self-assessment which is available at http://www. treasury. govt. nz/statesector/investmentmanagement/review/gateway/think/riskprofile/index. htm
Note 3	Refer to the Guidance on Using the Five Case Model: An Overview or the Quick reference guide for a description of the BBC pathway and business case types. These are available at http://www. treasury. govt. nz/statesector/investmentmanagement/plan/bbc/guidance
Note 4	Organisations should outline their intended assurance arrangements. Assurance arrangements could include Gateway reviews and Independent Quality Assurance (IQA) reviews. If the agency has a high risk proposal it may require Major Project Monitoring by the Treasury’s IMAP function and an Assurance plan endorsed by the GCIO if it’s high or moderate risk/value ICT-enabled projects or programme
Note 5	Organisations should describe the approach that they will use including key method(s) and tools to develop each case. Methods and tools should be appropriate meaning they should be proven, be suitable, be inclusive (involve key stakeholders) and capability exists to apply it. A list methods and tools that have been successfully used is available at: http://www. treasury. govt. nz/statesector/investmentmanagement/plan