In developing criteria for this audit, we considered the following better practice guidance and policy:
• the Partnerships Victoria policy and guidance suite7
• the Department of Treasury and Finance's (DTF) Gateway Review Process8 and better practice lifecycle guidelines9 with particular focus on the project appraisal and business case development guidance.
We recognise that the current business case development guidance was released after the development of the MCCD business case, and consequently applied its guidance in a comparative manner to inform our analysis.
In order to assess whether the analysis of the need and options for the project were adequate, we applied the following criteria:
• there was an adequate business case which:
• included evidence of a defined business need, economic benefit and financial viability for the facility.
• conforms with the main elements specified in relevant DTF guidance
• the project brief was comprehensive and included all required deliverables for the redevelopment.
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7 The policy can be found at <www.partnerships.vic.gov.au>.
8 The guidance material can be found at <http://www.gatewayreview.dtf.vic.gov.au/>.
9 <http://www.dtf.vic.gov.au/CA25713E0002EF43/pages/gateway-reviews-lifecycle-guidance-material>