Business Case Development Guidelines
Business Case Development Guidelines
Introduction
Any request for funds in support of activities that are essential to a business unit's base activities may be considered for incremental program funding and are driven in response to:
Documented user needs
Work process changes
Information systems changes
Significant network or technology enhancements
Quality and service improvements
Major operating efficiency improvements
Market, Technical or concept trials
The Business Case should answer the following questions:
What is the opportunity/problem you are trying to solve?
What is the desired result you are looking for?
What is the nature of the improvement?
What must be invested to get the desired result?
What are the new production operational costs?
What are the spending reductions, revenue improvements or profit improvements?
What are the qualitative benefits, such as customer satisfaction, strategic value, cycle time improvements, etc.?
What are the concerns or risks?
What is the exit strategy if an initiative is not returning investment?
Documentation
Should be in the form of a business case or proposal for market or technical trial funding.
Submission should be able to adequately substantiate the request for incremental funding by establishing the:
Need for funding
Benefits to be derived
Corporation's ability to execute the program
Program's ability to provide adequate financial return
Resources identified within financial justification
Incremental marketing
Product development
Network
Systems
Objectives of Business Case Guidelines
Provide assistance in the preparation of the business cases and their financials
Provide a common basis for the information that is required for funding through the resource allocation and program prioritization process
Define the parameters and criteria for program prioritization decisions
Communicate the resource
Introduction
Any request for funds in support of activities that are essential to a business unit's base activities may be considered for incremental program funding and are driven in response to:
Documented user needs
Work process changes
Information systems changes
Significant network or technology enhancements
Quality and service improvements
Major operating efficiency improvements
Market, Technical or concept trials
The Business Case should answer the following questions:
What is the opportunity/problem you are trying to solve?
What is the desired result you are looking for?
What is the nature of the improvement?
What must be invested to get the desired result?
What are the new production operational costs?
What are the spending reductions, revenue improvements or profit improvements?
What are the qualitative benefits, such as customer satisfaction, strategic value, cycle time improvements, etc.?
What are the concerns or risks?
What is the exit strategy if an initiative is not returning investment?
Documentation
Should be in the form of a business case or proposal for market or technical trial funding.
Submission should be able to adequately substantiate the request for incremental funding by establishing the:
Need for funding
Benefits to be derived
Corporation's ability to execute the program
Program's ability to provide adequate financial return
Resources identified within financial justification
Incremental marketing
Product development
Network
Systems
Objectives of Business Case Guidelines
Provide assistance in the preparation of the business cases and their financials
Provide a common basis for the information that is required for funding through the resource allocation and program prioritization process
Define the parameters and criteria for program prioritization decisions
Communicate the resource