At a glance
| Background Formal planning for a replacement facility for the Royal Women's Hospital (RWH) has been underway since early 1999. The objective of a public sector investment is usually to produce service outputs that achieve desired outcomes. The starting point for any investment proposal and evaluation must therefore be the identification of the service need to be addressed by the investment proposal. Defining the service need is a critical factor of investment planning as it helps to determine capital funding priorities and whether a proposed investment will address the government's service priorities. Key findings ● The investment planning included sound analysis of a defined service need. ● The investment planning documents: ● are comprehensive, and overall, incorporate Department of Treasury and Finance (DTF) guidance ● provide a transparent analysis of options, including procurement options, as well as risk, project management, and governance issues ● provided evidence that the government was given appropriately comprehensive information at each major decision point or milestone of the RWH redevelopment project. ● The business case was constructed in line with the general principles of DTF's Partnerships Victoria Practitioners' Guide (June 2001), as well as DTF's Gateway Business Case Development Guidelines (August 2003). |