Course description
Better Business Cases™ Foundation: In-House Training: In-House Training
Better Business Cases™ is based on the Five Case Model – which is the UK government's best practice approach to structuring spending proposals and making effective business decisions. Using this best practice approach will allow organizations to reduce unnecessary spending and improve the decision-making process which gives you a greater chance of securing necessary funding and support for initiatives.
The goal of the foundation course is to enable participants to work effectively with a team to develop a strong business case in their work environment.
Upcoming start dates
Outcome / Qualification etc.
What You Will Learn
At the end of this program, you will be able to:
- Describe the philosophy and the underlying rationale of the Five Case Model
- Identify different types of business case, their purpose, who is responsible for them
- Recognize when the different types are required in the development of a spending proposal
- Develop the business case in relation to other recognized and recommended best practices for programme and project management
Training Course Content
Overview of the Five Case Model
- Five key components of a business case and the order in which they are presented
- Three key stages in the development of a spending proposal
- Definition of a programme / project and the key differences between programmes and projects
- Purpose of a Business Justification Case (BJC) and in what circumstances it should be considered
- Purpose of a Strategic Outline Case (SOC)
- Purpose of an Outline Business Case (OBC)
- Purpose of a Full Business Case (FBC)
- Relationship between policies, strategies, programmes, and projects and their deliverables
Developing the Strategic Case
- Purpose and core content of a Strategic Case
- Purpose of SMART robust spending objectives and the key objectives for spend: economy, efficiency, effectiveness, re-procurement, and statutory or regulatory compliance
- Four main categories of benefits criteria and the parties involved in their development
- Three key categories of risk
- Purpose of identifying constraints and dependencies
- Difference between direct and indirect benefits
Developing the Economic Case
- Purpose and core content of an Economic Case
- Purpose of critical success factors and the key critical success factors based upon the Five Case Model
- Purpose of the long list options and how to generate options and undertake SWOT analysis
- Minimum of four short-list options, how they are derived, and what they should include (Reference Project / Public Sector Comparator [PSC])
- Difference between the preferred way forward and the preferred option
- Purpose, objectives, key participants, and outputs of Workshop Stage 2 – identifying and assessing the options
- Rules that should be followed for the treatment of costs and benefits
- Key differences between economic appraisals and financial appraisals
- Factors considered when selecting the preferred option
Developing the Commercial Case
- Purpose and core content of a Commercial Case
- Guiding principles when apportioning risk between the contractual parties
- Purpose of payment mechanisms
- Purpose of Step 9 in the development framework: Contracting for the deal
Developing the Financial Case
- Purpose and core content of a Financial Case
- The financial statements required for all projects
- The possible impacts to consider
Developing the Management Case
- Purpose and core content of a Management Case
- Purpose of a programme / project management strategy, framework, and plan
- Purpose of a change management strategy, framework, and plan
- Purpose of a benefits realization strategy, framework, and register / plan
- Purpose of a risk management strategy, framework and register / plan
- Purpose of a post programme / project evaluation strategy, framework, and plan
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