Investment lifecycle and high value and high risk guidelines

The Investment Lifecycle and High Value High Risk Guidelines apply to all Victorian government departments and agencies undertaking any investment.

They consist of several documents to inform the development, procurement and delivery of infrastructure projects in Victoria.

The Guidelines help ensure government investments provide maximum benefit to the State across the three stages of the investment lifecycle:

  1. Business case
  2. Procurement
  3. Delivery

Guide

The Overview document outlines the structure of the suite of Investment Lifecycle and High Value High Risk Guidelines, the investment assurance process, issues to consider across each of the three stages and a glossary.

Overview - Investment lifecycle and High Value High Risk Guidelines
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More detailed guidance about each of the three stages of the investment lifecycle is available on the pages below.

Note: Updates to the suite of Investment Lifecycle High Value High Risk Guideline documents are under development. References to the previous five-stage process in some supporting documents should be read using the three-stage process.

Business case

The business case stage establishes the investment need, defines its benefits, explores interventions, estimates costs and confirms the preferred solution is deliverable.

Procurement

Infrastructure procurement is the process of seeking market offers and engaging one or more tenderers to deliver a capital investment.

Delivery

The delivery stage implements the project solution and transitions the investment into normal business.

Updated

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