What is a business case?
So, what is a business case and what should it contain? Read on to find out more.
Business case content
The contents of a business case will vary across organisations, and the level of detail will depend on the scale and complexity of the project. The specific range of a business case tends to include the below:
Strategic case: Reasons for undertaking the project and how it will contribute to the corporate, programme or strategic objectives.
Options appraisal: The business options that have been considered include the "do nothing" option and the recommended option to address the project's objective. This should include the expected return on investment.
Benefits: The measurable benefits expected from the project, together with any anticipated dis-benefits: outcomes perceived as unfavourable by stakeholders. This should also include the benefits realisation requirements.
Costs: A summary of the viable projects.
Risk: A summary of any strategic or critical risks.
Timescales: The period over which the project will run and when the benefits should be realised.
Figure 1: Business case content.
Now that you know what a business case needs to contain, you’ll move on to discover how to write a business case.
When you’re ready, select Next to continue.
In this Course, you’ll find out how to identify costs, risks, and benefits. You’ll do this by exploring business cases – what they are and how to write them – including roles and responsibilities.
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