The process of establishing a project need will depend on its . Regardless of its exact characteristics, before committing funds and resources in the preparation of an investment case, you should seek confirmation that the project is a current TAFE priority.
To validate the project-need, you should clearly demonstrate how it:
- addresses a key problem, issue or service need for the TAFE and its key stakeholders
- delivers significant benefits to those impacted by the identified problem, issue or service need and any wider benefits also achieved, and
- represents an appropriate and efficient solution to address the problem and maximise benefits realisation.
Business-as-usual (BAU) projects
Although project funding has been approved, you will need to gain approval to start the project in the current financial reporting period, formalise its commencement and have the finance department release funds to undertake the works and complete the project.
Low complexity projects
Where the project is categorised as low complexity but forms part of an externally funded program of works, the requirements for demonstrating the projec-need will likely align closer to those of BAU projects, as outlined above.
Medium complexity projects
HVHR projects are subject to the Department of Treasury and Finance’s which commences with a preliminary business case followed by a full business case. In some instances, you may be instructed to proceed directly to the full business case phase by the government.
Confirming a project is a priority
Using the project prioritisation confirmation template, confirm a project is a TAFE priority.
Developing an initial case for investment
Learn how to seek approval for internal funding or approval to commence the business case process for a TAFE project.
Preparing a preliminary business case
Understand the key components of a preliminary business case for a TAFE project and when it needs to be prepared.
Reviewed 05 July 2023