Identifying costs, risks, and benefits | COREL8 SQ |

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.

A circular diagram showing business case content, displayed as linked boxes: strategic case, options appraisal, benefits, costs, risk, and timescales.

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.

1h 6m

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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