Major projects and significant changes to government programs or policies usually require feasibility studies and business case. These may be undertaken by Government or by Corporations or NGO proponents. Feasibility studies are generally high level analyses to explore whether an idea should be taken further, while business cases tend to be more detailed analyses upon which major decision can be taken.
A business case or feasibility study generally establishes the need for the investment or change under consideration, identifies the benefits, explores the range of options and the potential alternatives, estimates costs, assesses the risks and mitigation strategies, and outlines the delivery process. Before committing to an investment , a decision-maker needs to be confident that they understand:
What is the problem, issue or service need?
What are the benefits from addressing the problem?
Is there a compelling case for investing?
Team experience includes:
Cities of Albury & Wodonga – Developed business cases/feasibility studies for three priority initiatives of the Aboriginal Community Strategic Plan: (1) cross–border community governance (2) Aboriginal aged care facility (3) education and employment hub.
Government of Victoria – development of a high level feasibility study for the Suburban Rail Loop, a $50B+ proposal to transform Melbourne’s rail network and support the development of a polycentric city
Swisse, cooperative research – development of a proposal for government and industry funding for a cooperative research program between the nutraceuticals industry and researchers. The initiative successfully gained government funding
City of Melbourne – conducting a feasibility study regarding the potential for a First Nations Precinct within the City