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Template for Business Case

NIC Document

Summary

A good business case can provide a clear strategy for the progress of your innovation. This Business Case template provides an outline structure and notes to describe the content required for each section in a Business Case document.

In brief

This document contains the following sections:
  1. Format
  2. Reviews

Introduction


The purpose of a business case is to capture your reasoning for initiating a project or task. It is often presented in a formal, structured written document, but may also sometimes come in the form of a verbal presentation. The logic of the business case is that, whenever resources such as money or effort are consumed, it should always be done in support of the business. An example could be that a software upgrade might improve system performance, but the business case is that better performance would improve customer satisfaction.

Format


There are many formats for a business case, but the information you include should be the background of the project, the expected business benefits, the options considered (with reasons for rejecting or carrying forward each option), the expected costs of the project, a gap analysis and the expected risks. You should also consider the other options, including the option of doing nothing, with the costs and risks of inactivity. This information will help you to identify a clear justification for the project.

Reviews


You should regularly review your business case at various stages throughout the project to ensure that it is still worthwhile and that the project will deliver the solution required. You should also make sure that these reviews are consistent with good practice in project management. The insight you gain from a review could lead to you terminating or amending the project. You should also aim to amend your business case if a review shows that the business need has changed.

Click on the following link to open our template business case Template Business Case.doc