It's a great question.
I think one of the ideas about FNII is that it's similar, in a sense, to the other organizations. It's about standards and best practices. Instead of financial management or taxation, in this case it's about infrastructure. What are the best practices for developing a business case for a project? We are starting to think about those. We know that there's the standard-making power in the amendments, but we've already started to think about what those standards would be based on best practices that we've seen off reserve in Canada and internationally in indigenous projects as well. We're thinking about the strategic case for the project and really linking it back: Why are you doing the project? How is it linked to the comprehensive community plan that a community may have? It's really about tying it back to those objectives so that it's what the community actually wants, which is not always the case for projects.
It's also thinking about the technical case for the project and thinking through the technical options for the project, the commercial case and the procurement approach, which can allocate risks to the appropriate parties in the process. That can help with the timeliness and with addressing cost issues and change orders. It's thinking about the financial case. Of course, being a part of the fiscal management act, we see a great value there for communities in bringing more tools out of the FMA tool box to bear on a project and really thinking about the life-cycle approach. We know that this is a challenge with the current approach. There are often not the appropriate resources for operation and maintenance through the entire life cycle. We'd like to see that whole life-cycle costing, again, using the tools—local revenues, fees, development cost charges, monetized transfers and, last but not least, certainly the management case—and appropriate training and local participation.
All of those things together, we think, will help bring a better way of bringing projects forward. They'll get done more quickly. They'll bring value for money, and we'll get projects that last for their full life cycle.