Table 1 Thresholds for Business Case Submissions
| Estimated Total Cost (ETC, $ Million) | |||
| < $5 M | $5-10 M | $10-50 M | Over $50 M |
Preliminary Business Case 1 | Not required to be submitted to Treasury | No, unless requested by Treasury | Yes - for projects in years 2 - 4 of the upcoming forward estimates period | Yes - for projects in the upcoming 5 - 10 year period |
Final Business Case 2 | Not required to be submitted to Treasury | Yes | Yes | Yes |
Risk Assessment 3 | Not required to be submitted to Treasury | Done by agency. Results reviewed by Treasury | Done by agency. Treasury to formally sign off on risk assessments for proposals assessed by agency as low risk. | |
Notes:
(1) Preliminary business cases required by 1 July for projects commencing more than 12 months later. Consult with Treasury regarding the year in which to first provide a preliminary business case (for projects in very early planning stages) and the level of updates required in subsequent years.
(2) Final business cases required to support final project approval. Budget dependent agencies should submit final business cases no later than with the TAM and other budget submission material.
(3) Risk assessment for projects over $5m undertaken using the Gateway Project Profile Assessment risk evaluation tool.
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