Recently I have been thinking about how early-stage screening of infrastructure proposals can be made more effective. Time and again I see lists of projects here in Australia that are unfunded, undeveloped and, frankly, never-deliverable.
A key element of good infrastructure planning is the capture of the complete suite of proposals that could be under consideration at a point in time. This is critical for national infrastructure planning. Part of this also needs to consider the best way to screen all of these proposals, so determine which ones might be come investment ready projects. There are several best practices that can be followed when screening infrastructure proposals.
Identify the goals and objectives of the project: It is important to have a clear understanding of the purpose and potential impacts of the project. This will help to ensure that the proposal aligns with the goals and objectives of the organization or community.
Evaluate the feasibility of the proposal: Consider the technical feasibility of the proposal, including whether the proposed solution is technically sound and can be implemented within the available resources.
Assess the financial viability of the proposal: Determine the costs associated with the proposal and consider the potential return on investment.
Consider the environmental and social impacts: Infrastructure projects can have significant environmental and social impacts. It is important to consider these impacts and ensure that the proposal takes them into account.
Involve stakeholders in the process: Engage with stakeholders, including community members, local businesses, and other interested parties, to gather input and ensure that the proposal is responsive to the needs and concerns of the community.
Utilize a formal proposal review process: Establish a formal process for reviewing and evaluating proposals, including the use of a proposal review committee or panel to evaluate and provide recommendations on proposals.
I wonder how many proposals processes check off against these issues. What has been your experience?
Lytton Advisory 