The project is in stage 1. The Portfolio Director for the Louistown is Open for Business (LOB) portfolio sees the LouisShopping Project as a key project in the portfolio. As a result, funding has been approved for the life of the project as part of the Council's 5-year plan. The 5-year plan is unlikely to change over this period, so the Portfolio Director has decided that there is no need to review the project's costs, time and benefits and continued alignment with the Council's strategy at the end of each stage.
Is this an appropriate application of the ‘ensure continued business justification’ principle, and why?