Sutcliffe added: "We will have a review immediately after Beijing on the investment that we put in with UK Sport and looking at those sports that have been successful and those that haven't."
Burnham believes that target is realistic, though, and that the best prepared team to leave these shores will make the nation proud.
He said: "Australia are saying Britain are the ones to watch.
"Other countries now look to us as a country that got serious about sport and are now saying they are in danger of falling behind Team GB in the medal table."
But Colin Moynihan, chairman of the British Olympic Association, urged caution.
He said: "We want to go forward from Athens but it would be unwise to speculate how much further forward.
"What we can say is that compared to previous Games we have a team that is better prepared, better resourced and better financed than before."