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Business Case Workshop
- Business Case Workshop
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- Who We Are
The purpose of this course is to de-mystify the writing of a Business Case.
The economic environment has dictated the need to focus investment on those change initiatives that demonstrate they will deliver the best outcomes with evidence of economic cash-releasing benefits, saving efficiencies, and improved, higher-quality operational effectiveness.
Whether you are in the health service, other branches of the public sector, the banking world, commercial or retail fields, there is competition for the investment available for organizational change.
At this time partnerships between local government and the private sector are being implemented. and commissioning and co-production is becoming the way forward. To maximise these new partnership opportunities and the investment of public money there is an increasing mandatory focus on business cases being compliant with the Five Case Model. There is evidence to show that well written business cases are successful in attracting funding.
Who is it for?
- Anyone who needs to write a practical business case for their programme or project
- Those involved in switching the writing of business cases from the traditional format and enquiry to the 5-case structure.
- Those who need to read and understand the data being presented to them in a Business Case so that they can effectively analyse the investment required by the initiative is justifiable and appropriate.
By the end of the course you will feel more competent in the following areas:
- Understanding and working with the essential components that make up a business case.
- Understanding the difference between the traditional approach to writing a business case based on methodologies like PRINCE2 and Managing Successful Programmes; And the Five Case Model that considers the strategic, economic, commercial, financial and management elements to ensure that all aspects of the business case are covered
- Translating organizational strategic objectives into strategic objectives for your initiative
- Aligning your change initiative (programme or project) with the strategic objectives of your organization, and aligning measurable benefits to those strategic objectives
- Identifying and quantifying costs and benefits
- Working with a cost benefit analysis including the net present value return on capital, payback period, and internal rate of return
- Considering criteria other than financial in the evaluation of the validity of the investment
- Using Business Case and Investment Appraisal templates for the programme or project you are currently involved with
- Writing a business case framework for the programme or project you are currently involved with