Business Case

Reasons

For a baseline external to other initiatives, an important reason is to achieve synergies between various initiatives that are concerned with similar or overlapping subject matter.

Options

High level cost/benefit analysis of (ideally) at least three options for meeting the business need; Include analysis of 'soft' benefits that cannot be quantified in financial terms; Identify preferred option and any trade-offs.

Benefits Expected

Expressed in measurable terms against today's situation.

Risks

Summary of key risks

Costs

Extracted from the rolling plan.

Commercial aspects

Proposed sourcing option with rationale for its selection; Key features of proposed commercial arrangements (e.g. contract terms, contract length, payment mechanisms and performance incentives); The procurement approach/strategy with supporting rationale.

Affordability

Statement of available funding and 'ballpark' estimates of projected whole-life cost of initiative; Including departmental costs (where applicable).

Timescale

Investment Appraisal

Evaluation


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