Business Case
The individual approval process might differ between countries, contracting authorities and sectors. As a general guidline, the following checklist (Tool 4.8) can be used. Tool 4.8: Business Case Approval Checklist Key Question A
Stakeholders Have the stakeholders been identified and mapped? Have risks with regard to stakeholders been identified and mitigated? Has a strategy for stakeholder engagement been designed? Have stakeholders been engaged in the assessments?
B
Expertise Has a project team been appointed? Has the need for external expertise been assessed? Has the project team been completed with external expertise?
C
Risk Have the project risks been identified and (preliminarily) been allocated? Have risk mitigating measures been identified? Have the main risks been monetised?
D
Feasibility Has legal feasibility been assessed and confirmed? Has technical feasibility been assessed and confirmed? Has economic feasibility been assessed and confirmed? Are the economic effects for different stakeholder groups clear? Has financial feasibility been assessed and confirmed? Has a transparent, flexible spreadsheet model been constructed? Have the fiscal implications been identified? Is the project fiscally feasible? Is the project affordable? Has an environmental impact assessment been carried out? Have measures for mitigating the environmental impact been identified? Has a social impact assessment been carried out? Have measures for optimising social impact been identified?
E
Rationale for PPP procurement Is the project generating Value for Money? Is the project suitable for PPP procurement?
F
Commercial Viability Have the main sponsors and their needs been identified? Is the project bankable? Is there ‘market appetite’ for the project? Is the project marketable?
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(Yes/No/NA)