Understand the problem

  • Are we clear on what the specific problem is that we are trying to solve?
  • Does it bring value to any of our stakeholders? (Owners, employees, partners, suppliers, community, environment and clients)

Policy alignment

  • Does it align with our vision, mission, purpose, behaviours, strategy, goals and policies?
  • Is it ethical?
  • Is it fair?
  • Does it limit impact on the environment?
  • Is it secure and can we guarantee data privacy?

Stakeholder engagement

  • Do we know anyone in the industry we can talk to for more information? E.g. users, SMEs
  • Do we have any diversity of experience we can draw upon from within the team?
  • Have we considered the impact on all impacted stakeholders?

Deliver value

  • What does success look like? e.g. expected benefits
  • Can we quantify success? What is the metric?
  • How much will it cost? Actual cost + opportunity cost + expenses
  • How long will it take? Actual + lapsed time
  • How long is the payback period?

Understand risks

  • Is there any benefit or risk to our reputation?
  • Are there any safety risks?
  • Does it pose a risk to the security or privacy of any stakeholders?
  • Are there any risks to doing this?
  • What is the risk of ‘not’ doing this?

Conduct research

  • Have we undertaken thorough, relevant and validated research?
  • What were the sources? What did we learn?
  • Who or what are our competitors?
  • How do we differentiate?
  • Is there market need/demand and how can we validate this?
  • What are the other viable options?

Ensure accountability

  • Who is the decision maker?
  • When do we need the decision?
  • Who will own it and be accountable?