Project Prioritisation
Project Prioritisation is process of comparing the relative urgency of a range of projects.
Individual projects can be scored according to a range of project evaluation criteria, e.g.:
- service needs and accessibility
- environmental amenity and environmentally sustainable design (ESD) initiatives
- management of our existing assets and systems
- community health, safety and cultural diversity
- financial responsibility and sustainability
- well governed
- economic growth and economy.
Each project could also subject to a
risk assessment and a readiness test.
Higher-priority projects would usually be programmed for construction sooner than lower-priority projects, but this
will also depend on the readiness of the higher-priority project.
Often projects will be allocated a smaller amount of funding in one year of the program to allow for design
and a larger amount of funding allocated in the following year for construction.
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