By the end of Step 4, a preferred solution is determined for a given problem through a robust options generation and assessment process. That solution can then be referred to as a justified initiative. Once this process is repeated across the full range of identified problems, a list of justified individual initiatives will exist.
Step 5 involves decisions about the order and timing of implementation of those initiatives within budgetary and other constraints (while at the same time considering opportunities through alternative funding mechanisms). This involves two considerations: prioritisation of the initiatives and development of a forward program.
Where government chooses to provide financial support to private sector initiatives because of economic or social merit, such interventions should also be considered as individual initiatives and included in the prioritisation and program development processes.