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At Gateway 2, the Project will seek endorsement that what is being proposed is clearly defined, well-planned, consistent with their prior strategic assessment, specifies measurable benefits and is shown by rigorous analysis to meet a genuine business need. The project must demonstrate that it is set out to be realistically achievable:
The Terms of Reference (ToR) which contains the proposed governance structure and appointments must also be submitted for approval at Gateway 2.
Approval at this stage by the Project Board gives permission to develop the Project Initiation Documentation (PID) and related components.
In approving the investment as justified at Gateway 2 the board is required to assess the proposed financial costings of the project; approve and release the budget and provide confirmation of finance codes assigned to the project.