A well defined business case is is needed to support a decision
to initiate a project. Actually getting to the stage where a business
case can be presented for ratification requires establishment of ownership
a clear understanding of the proposition in terms of scope, objectives
and investment appraisal.
Working with the key stakeholders Square Mile will conduct the
detailed analysis and ensure that all aspects of the proposition
are appropriately challenged. This ensures that a solid business
case is presented and that all key assumptions are appropriately
highlighted and understood. The business case tells the project
story in straight forward, easy-to-understand language. It will
provide compelling justification for a change by outlining (at
a high level) what benefits could be achieved through change
and outlining
the solution and its possible impacts. The business case will
therefore include:
- Situational assessment and Problem Statement
- Project description
- Solution alternatives and assessment
- Solution overview
- Investment appraisal model consisting of:
– Costs (including capital expenditure, expenses and funding)
– Revenue generation
– Cost savings
– Taxes
- Tangible and intangible benefits
- Risks
- Implementation timeline
- Recommendations
Square Mile have developed a number of business case models which
means that we can hit the ground running when presented with a new
set of investment appraisal templates.
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