 Strategic
business case development
The purpose of a strategic business case, known in
the public sector as a Strategic Outline Case, is
to provide a formal document that provides justification
for the investment required to deliver identified
business benefits. It includes an initial analysis
of the status quo and the need for improvements, proposed
alternative solutions, assumptions, constraints and
a risk-adjusted cost-benefit analysis. The document
is used to:
 provide
clarity on which to assess the concept
obtain
stakeholder commitment
secure
a commitment for funding the detailed development
of the concept |
The strategic business case is therefore an important
document and stakeholder management, technical, risk,
value management, planning, funding and commercial knowledge
supported by experience, are essential to produce a
document that clearly identifies the benefits and justifies
the level of investment. It is also critical that the
justifying business case is robust and achievable, avoiding
the pitfalls of 'optimism bias'.
How
we can help
At Kristal Oak we provide services that are designed
to help our clients prepare strategic business cases
that, justify the required investment and support
the delivery of required benefits that are in line
with their corporate level objectives.
Our key strengths are:
- stakeholder identification, engagement and management
- technical strategy
- risk management
- value management
- investment planning
- funding and commercial strategy
- financial modelling
We believe that the required benefits drive the development
of the strategic business case.
"the best results come from early
engagement”
Our strategic business case services are best applied
during the conception and feasibility stages, prior
to any decision to pursue the investment. We tailor
our approach to best complement our clients’
needs for business strategy. We offer 'development'
and 'review / health check' services.
Strategic business case development
In collaboration with our client, we provide support
services to help develop the basic principles and
prepare the strategic business case. As part of this
service we ensure a strategic business case designed
to deliver clearly defined benefits through the investment.
We ensure that there are:
- appropriate assumptions
- adequate financial controls
- effective management proposals
- alignment with corporate level objectives
- options appraisal
- clearly identified success criteria
- appropriate challenges to drive out optimism
bias
We prepare the strategic business case in accordance
with the requirements of the business and apply the
recommendations of The Green Book during our preparation
of business cases for public sector projects. |