Effective project approval - « Lite » version
At effective project approval, the project team presents the updated business case and design specifications, as well as any associated technical and project management deliverables including a substantive budget. The project complexity and risk assessment is also updated (for those projects with an estimated project cost of more than $1M) to reflect the recommended design.
The recommended design solution is approved by the appropriate approval body. The project's substantive budget spending authority and any additional authorities required to complete the project are approved.
The project is approved to proceed to the Implementation Phase for the development and implementation of the project's product, service or result.
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