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<p>The Major Project Portfolio for each Department is agreed by the Department, the
Major Projects Authority and the relevant HM Treasury spending team. Each programme
on the portfolio is subject to an agreed schedule of approvals and assurance, which
will normally include Gateway Reviews. There is no provision for formal exemption.</p><p>A
Project Assessment Review is conducted either instead of or in addition to Gateway
Reviews, and allows for specific terms of reference to be tailored to meet the assurance
needs of the particular Government Major Project.</p>
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