• Novice
  • Aware
  • Competent

Appropriateness of Capital Works Options Assessed

The review team should make some comment on the individual capital expenditure options that have been identified.

If a thorough process has been followed, using appropriate data and other information, then the options should be of high quality.

The review team should check that:

  • All viable options (project solutions) were assessed
  • The project team didn't only evaluate the one they wanted against options that they knew their favored one would beat.

It is vital that we go through all of the alternative supply options and also consider whether we could adopt a private solution, e.g leasing new office accommodation.

If any part of the process has been inadequate or there is insufficient data to improve the sophistication or quality of the process, then the options will not be optimal.

This means a subjective judgment will need to be made. However it is the only way in which any degree of confidence can be identified and therefore it plays a useful tool in evaluating the capital expenditure program.


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