Business Case
A Business Case provides justification as to whether an initiative is worth investing in.
It assesses whether the benefits are greater than the costs and whether the change initiative is viable.
The overseeing body is responsible for the Business Case and ensuring it remains viable throughout its lifecycle (not just at the point of approval).
The different elements to consider in a Business Case can be seen in the diagram below:
The Business Case will include details of all aspects of the change or project. The scoping document may support discussions or thinking to ensure all elements are considered.
DOWNLOAD the business case scope guidanceThe Business Case process comprises of four stages:
- Strategic Outline Case - end of the Establish the Need stage
- Prima Facie Business Case - end of the Define the Scope stage
- Full Business Case - end of the Set Up stage
- Post Investment Review - following the Sustain Results and Review stage
Each stage is aligned with University decision points.
Investment Appraisal Process
Delivering Results is aligned to the Capital Investment Appraisal process for Business Case templates and to provide the decision-making framework. Follow this link to access more guidance and download the templates.
Business Case Support
If you would like to find out more about the business case process or would like some support in completing a business case template get in touch.
Hints & Tips
- In Define the Scope, you will have explored the scope and impact of the initiative. The Scope Considerations document will help to ensure all key aspects have been considered. This is an essential input to your Business Case as it will influence the elements in the diagram above.
- A Gateway Review helps the overseeing body assure itself that the Business Case remains viable.
- The Business Case needs to ensure the academic or service need is understood e.g. why is the building or IT system needed? Ensure the rationale for the initiative is understood.