Reasons
For a baseline external to other initiatives, an important reason is to achieve synergies between various initiatives that are concerned with similar or overlapping subject matter.
Options
High level cost/benefit analysis of (ideally) at least three options for meeting the business need; Include analysis of 'soft' benefits that cannot be quantified in financial terms; Identify preferred option and any trade-offs.
Benefits Expected
Expressed in measurable terms against today's situation.
Risks
Summary of key risks
Costs
Extracted from the rolling plan.
Commercial aspects
Proposed sourcing option with rationale for its selection; Key features of proposed commercial arrangements (e.g. contract terms, contract length, payment mechanisms and performance incentives); The procurement approach/strategy with supporting rationale.
Affordability
Statement of available funding and 'ballpark' estimates of projected whole-life cost of initiative; Including departmental costs (where applicable).
Timescale
Investment Appraisal
Evaluation
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