Management approach: It determines the governance structures and the interplay of roles.įinancial case: It is determined by measuring how affordable the project is to the organisation within a certain time frame.Ī business case when approved shows the decisions taken by the organisation's key stakeholders to achieve the best investment returns after considering all options. Strategic reasons: It is a case for change.Ĭommercial approach: It is derived from the analysis of various business strategies. ![]() Five elements of a business case:Įconomic analysis: The investment options are evaluated to calculate the return on investments. This allows the decision-makers of an organisation to determine the best course of action. A good business case explains the problems or issues in a project and identifies all possible options required to address them. The aim of a business case is to convince decision-makers of the value behind the actions planned for a specific project. What is a business case template?Ī template for a business case is a primary requirement of a business plan and a valuable resource for companies to reference whenever they are preparing a case for a new project or initiative. ![]() ![]() After doing an investment appraisal following due cost-benefit and risk analysis, the business case provides the rationale behind a preferred solution. Before investing in a major business plan or product it is important to have an all-round business case. A business case provides the justification for the undertaking of a project or portfolio.
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