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Business Case Overview

Business Case Overview. Contents, Sources, Steps. What is the Business Case for?. To obtain management approval and commitment for investment in business change To provide a framework for planning and managing the business. It is not just about money

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Business Case Overview

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  1. Business Case Overview Contents, Sources, Steps

  2. What is the Business Case for? • To obtain management approval and commitment for investment in business change • To provide a framework for planning and managing the business • It is not just about money • It is not just about choosing the project management approach

  3. Typical Inputs to the process Business Strategy Create Business Case Business Case Programme Plans High-level Requirements

  4. A reminder of the possible levels of detail:… The Business Case Lifecycle Outline Draft Final Amended The Business Reasons for doing something Initial costs and benefits, risks, approach Planned approach, with costs and timescales Amended costs, timescales and benefits Input to the benefits mgt. process

  5. Steps in the process Agree scope, constraints Initiation Plan the study Planning High-level; weighted Requirements Options considered Options Recommended solution Evaluation Cost/Benefit Analysis Investment appraisal Implementation Planning How to achieve the benefits

  6. Sections in the Business Case Report Background, Scope, Objectives Requirements Options, Evaluation, Recommendation Costs, Benefits, NPV/IRR Risks, Sensitivities, Dependencies Implementation Plan Maybe: procurement strategy

  7. Possible ‘local’ rules • Number of alternatives considered • CBA for ALL options • IRR targets – ‘Hurdle Rate’ • Procurement Strategy

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