Live Webinar – April 26th 2016 7:30 am – 8:30 am EDT
Live Webinar – April 26th 2016 12:30 PM – 1:30 PM BT
Duration: 1 hour webinar Credits: 1 PDU Category B – Free PDU
Sponsored by: Association for Project Management – APM
Practical guidance and support in developing quality business cases in line with the Five Case Model. Business cases should be understood as both as a product and a process, with involvement from the right stakeholders in order to achieve the spending objectives and deliver benefits.
A Business Case – More than just a document
All too often business cases are regarded as just another piece of paperwork to be completed as part of a bureaucratic assurance process.
But a business case is more than that – it’s the argument for undertaking a project or programme.
Whilst the document itself is a key deliverable, the process of assessing options to arrive at this reasoned argument is where the true value arrives.
Business cases should be developed over time through an iterative process and include consideration of different components.
The Five Case Model
In the public sector the production of business cases is a mandatory requirement in the spending approval process. T
he Treasury’s Five Case Model as articulated in the ‘Green Book’ has become the UK government’s best practice approach.
This Model is a framework for “thinking” in terms of how interventions can be best delivered.
The business case must evidence:
- That the intervention is supported by a compelling case for change that provides holistic fit with other parts of the organisation and the public sector – the “strategic case”;
- That the intervention represents best public value – the “economic case”;
- That the proposed deal is attractive to the market place, can be procured and is commercially viable – the “commercial case”;
- That the proposed spend is affordable – the “financial case”;
- That what is required from all parties is achievable – “the management case”.
Why is the business case development process important? See HM Treasury Green Book. Each of the five dimensions of the Case are built up during the process.
Asking the right questions
Even the most experienced business case specialists don’t know all the answers that are required to develop a robust business case. What they do know is what questions to ask (and the challenges they need to overcome).
Stefan and Jos will pass on their substantial and varied experience in the field of business case development, drawn from both the public and private sector.
They will explain why extensive engagement with the right stakeholders is key. They will also share tips and practical advice about how to develop an informed business case and provide an overview of the process of creating a value for money business case.
Presenters:
Stefan Sanchez, (LinkedIn profile) Director, Value People Ltd now a specialised management consultant, had a diverse and varied career in the public sector including regulatory work; parliamentary experience and senior management positions. Stefan led the development of several high profile schemes across the Welsh public sector, including the Welsh Government’s Local Government Borrowing Initiative; Flood Programme; Social Housing Revenue Grant; Capital Loans for Sports and Leisure and more. He has overseen ‘scrutiny reviews’ ans has led the development of the Better Business Case accredited standard which is now commercially available and is a founding member of the Better Business Case Standards Board which regulates the accredited standard.
Jos Van Rozen, (LinkedIn profile) Strategy & Business Case Consultant, Van Rozen Consulting Ltd, has a passion for improving the track record of typical project value delivery for over fifteen years. Jos has worked with project managers, strategic planners and business management teams to beat those odds across acquisitions, capital programs, merger integrations, new product development and pricing decisions, working with hundreds of professionals to prove that delivering value from projects doesn’t just happen much by accident. Jos has condensed the best tools, tips and tricks for Business Project Success in a book, Be Decisive – Now!: The 2-in-1 Manager: Speed Read – Instant Tips; Big Picture – Lasting Results, due out for publication July 28th,2016.
PDU Category C (PMBOK 5) documentation details:
Process Groups: Planning, Monitoring & Controlling
Knowledge Areas: 4 – Integration
- 4.1 Develop Project Charter
- 4.2 Develop Project Management Plan
As a Category C “Self Directed Learning Activity” remember to document your learning experience and its relationship to project management for your “PDU Audit Trail Folder”
0.75 |
0 |
0.25 |
Technical Project Management |
Leadership |
Strategic & Business Management |