The Five Case Model provides a structured framework for investment appraisal. It ensures that all aspects of a project-strategic, economic, commercial, financial, and management-are considered. This structured approach improves transparency and accountability.
Sustainability and social impact must be considered in public spending. The Green Book encourages decision-makers to assess long-term environmental and social effects. Balancing economic growth with social responsibility leads to more ethical investments.
Monitoring and evaluation ensure continuous improvement in public sector projects. Regular performance assessments help refine strategies and improve future investments. This principle supports accountability and long-term effectiveness.
Flexibility in decision-making allows for adjustments based on evolving evidence. The Green Book framework supports adaptability while maintaining structured appraisal methods. This helps public sector organisations respond effectively to changing needs.
Applying these principles ensures that public sector investments are transparent, efficient, and beneficial to society. The HMT Green Book remains a vital tool for responsible government spending. Understanding its principles helps organisations make well-informed financial decisions.