The Capital Framework (“TCF”) has been developed to support the successful delivery of capital projects in the ACT. Notwithstanding TCF can be used for investments of any type, complexity or cost. TCF provides practical assistance to those proposing investment projects in the ACT. It helps shape proposals, inform investment decisions, monitor project delivery and track the benefits projects achieve. Using TCF will help ensure government investments provide maximum benefit to the ACT.
The process of planning, proposing and delivering investments is known as the investment lifecycle. TCF aims to provide practical guidance and tools that assist in the process and, in turn, promote the best investment outcomes for the ACT. They help ensure the government:
- addresses the right problems and pursues the right benefits;
- chooses the best value for money investments;
- delivers investments as planned; and
- realises the benefits it set out to achieve.
To assist the government in this process, the information that government Directorates provide throughout the investment lifecycle should constantly aspire to objectivity and the highest standards of probity when handling and presenting information and evidence. Equally important is that agencies aim to constantly improve the quality of analysis and information provided to government. As a stakeholder in this process, TCF is designed to help you achieve those ends. They do this by stepping you through the process from the investment concept through to the beneficial delivery of an investment.
TCF is made up of 7 key stages, 4 of which are detailed in this guideline.
- Stage 1 (Conceptualise): Investment Logic Workshop (“ILW”)
- Stage 2 (Present): Early Project Overview (“EPO”)
- Stage 3 (Prove): Single Assessment Framework (“SAF”)
- Stage 6 (Measure): Post Implementation Review (“PIR”)
This guideline does not cover Stage 4 (Procurement) and Stage 5 (Implementation) which are addressed within the current procurement guidelines.
An overview of the The Capital Framework and its key objective is contained in the document below:
TCF - Framework Overview 2.0 (Word 1.6MB)
Acronyms and Glossary 2.0 (Word 101KB)
Project Governance Protocol 2.0 (Word 360KB)
The Capital Framework is endorsed for use in the 2018-19 Budget Process.