If the initial assessment shows that the project has P3 potential the Program Ministry may be required to complete an opportunity paper. The Opportunity Paper is a preliminary analysis that provides evidence that the project has sufficient potential to provide value for money when compared to Traditional Procurement. If a capital project continues to demonstrate P3 potential through these analyses the project may proceed to a Business Case assessment.
The P3 opportunity paper includes;
■ a project description;
■ strategic alignment information (including alignment to the capital plan and commentary on how well the project meets the scope of GOA P3s);
■ business and operational impact information (including how the project meets the P3 prerequisites);
■ a preliminary risk assessment and allocation;
■ a preliminary value analysis (preliminary public sector comparator, shadow bid, and sensitivity analysis);
■ the preliminary project schedule and team; and
■ conclusions and recommendations.
Depending on factors such as the results of the Initial Assessment, project timing, size, asset class, scope and the details of the proposed project structure, an Opportunity Paper may not be required and the project may go directly to development of a Business Case. |
The P3 Opportunity Paper Template may be found in Appendix D.1