Business Case Development
Our approach to investment management, or Business Case, is to apply simple, common-sense ideas and practices that help organisations to direct their resources and achieve the best outcomes from their investments.
In summary, the process takes an organisation down an investment journey by finding out:
- What is the actual problem?
- What is the evidence that the problem exists?
- What are the benefits of solving the problem?
- How are the benefits going to be measured?
- What are the interventions to address the problem?
- What is the best option (combination of interventions)?
- Can the solution be delivered within the time and budget constraints?
Determine the actual problem and the root causes.
Identify and verify the evidence that the problem exists.
Outcome:
Preliminary Business Case
Investment Logic Map
Determine the benefits of solving the problem.
Work out how the delivery of the benefits will be measured and reported.
Outcome:
Benefits Management Plan
Change Management Plan
Determine and recommend the best option or combination of interventions to solve the problem.
Identify and evaluate the changes required to deliver the benefits.
Outcome:
Options Analysis
Full Business Case
Implement the changes using the appropriate methodology.
Outcome:
Project Management Plan
Change Management Plan
Delivery of products and/or Services
Monitor if the solution delivers the originally expected benefits.
Monitor usage and adoption of the changes.
Outcome:
Usage and Adoption Analysis
Review the changes to determine what new activities or changes could significantly improve the effectiveness of the organisation and Business Case.
Outcome:
Additional Improvements
Business Case Effectiveness Review
Learnings
