Course description
Better Business Cases™ Practitioner: 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 practitioner course is to develop a candidate’s ability to deliver a comprehensive business case, through encouraging expanded knowledge to guide the practical application of theoretical foundations. Upon the completion of this Practitioner course, a candidate will be able to start applying the model to a real business case development project.
Upcoming start dates
Outcome / Qualification etc.
What You Will Learn
At the end of this program, you will be able to:
- Develop the lifecycle of a business case and to establish the relationships between the five cases
- Apply the steps in the business case development framework, in order to support the production of a business case, using the Five Case Model, for a given scenario
Training Course Content
Overview of Better Business Cases
- Alignment with the strategic planning process
- Importance of the Business Case using the Five Case Model
- Overview of the Five Case Model
- Purpose of the key stages in the development of a spending proposal
- Purpose of a Business Justification Case
- Business Case Development Process
- Purpose of project / programme assurance and assurance reviews
- Responsibility for producing the Business Case
Determining the Strategic Context and Undertaking the Strategic Assessment
- Scoping the Scheme and Preparing the Strategic Outline Case
- Planning the Scheme and Preparing the Outline Business Case
- Procuring the Solution and Preparing the Full Business Case
- Implementation and monitoring
- Evaluation and feedback
Making the Case for Change
- Agree on the strategic context
- Determine spending objectives, existing arrangements, and business needs
- Determine potential business scope and key service requirements
- Determine benefits, risks, constraint, and dependencies
Exploring the Preferred Way Forward
- Agree on critical success factors
- Determine long list options and SWOT analysis
- Recommend a preferred way forward
Determining Potential Value for Money
- Revisit the short list
- Prepare the economic appraisal for short-listed options
- Undertake benefits appraisal
- Undertake risk appraisal
- Select preferred option and undertake sensitivity analysis
Preparing for the Potential Deal
- Determine the procurement strategy
- Determine service streams and required outputs
- Outline potential risk apportionment
- Outline potential payment mechanisms
- Ascertain contractual issues and accountancy treatment
Ascertaining Affordability and Funding Requirement
- Prepare the financial model
- Prepare the financial appraisals
Planning for Successful Delivery
- Plan programme / project management
- Plan change and contract management
- Plan benefits realization
- Plan risk management
- Plan programme / project assurance and post project evaluation
Procuring the Value for Money Solution
- Revisit the case for change
- Revisit the OBC options
- Detail procurement process and evaluation of best and final offers (BAFOs)
Contracting for the Deal
- Set out the negotiated deal and contractual arrangements
- Set out the financial implications of the deal
Ensuring Successful Delivery
- Finalize project management arrangements and plans
- Finalize change management arrangements and plans
- Finalize benefits realization arrangements and plans
- Finalize risk management arrangements and plans
- Finalize contract management arrangements and plans
- Finalize post-project evaluation arrangements and plans
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