have worked with this in two organisations, with varying success. there's not just a checklist - that's the entry point to some governing body to approve / deny following the opportunity. the checklist is pretty much common sense (scale, on strategy, relationships, access, competitors, winning theme etc) it's the governing body that makes the difference. one ran a light process oriented around risk to the firm which gave a good deal of discretion to the proposing partner (only went before them over a certain risk threshold, below that it was down to the partner to make the call), and the panel gave 'grey-haired' guidance. the other, in a corporate consultancy, had a multi-step approval process with a panel that made the partner-equivalents look like naughty schoolkids going before the headmaster - had to bid for progressive releases of investment funding to build the proposal, demanded 'commits' and gave very little discretion to the bidder. that one became known as the 'Business Prevention Board'....