What is a business case?

A business case provides the justification for undertaking a project, program or investment. It makes the recommendation for the best course of action that will create business value. The business case process critically examines the opportunities, alternatives, project stages, the financial and strategic benefits and the financial investment.


What is the purpose of a business case?

The business case is a process to critically examine the opportunities, alternatives, project stages and financial investment to make a recommendation for the best course of action that will create business value.


What are business case templates?

Business case templates guide you through the process of producing the Business Case document. The templates detail the key information you will need in the business case document and provides valuable tips and insights.


What is the cost benefit analysis?

The cost benefit analysis is the estimation and evaluation of net benefits of the recommended business case option. It is a critical section of the business case.

The benefits include:

  • Financial benefits

  • Strategic benefits

  • Other organisation and societal benefits


What is the business case structure?

The business case components include:

  • Executive summary

  • Project definition

  • Business requirements

  • Evaluation of options

  • Recommendation

  • Strategic logic of project

  • Benefits

  • Risks

  • Project stages & duration

  • Financial analysis              

  • Estimate of project team resources

  • Project authorisation


Why is a business case important?

The process of developing a solid business case is critically important for securing the approval for projects and investments. A well-executed process enables you to increase the benefits and the value of the proposed investment, and it reduces risks. It will also lead to a much greater likelihood of securing support to proceed with the investment.


What is the difference between a business case and a business plan?

The business case provides the justification for undertaking a project, program or investment. It makes the recommendation for the best course of action that will create business value. The business case process critically examines the opportunities, alternatives, project stages, the financial and strategic benefits and the financial investment.

The business plan summarises the strategic, operational and financial objectives of the organisation and contains the detailed plans, actions, responsibilities, budgets and key performance indicators.