This course explores the foundations of a business case and how they are used in the organizational decision making processes when seeking funding, approval for an activity, initiative or project.
Business cases are used by various organizations and government bodies in order to seek approval for investment in a project. Often the business case will be approved if the benefits of project outweigh the costs and risks. A business case describes the benefits, costs and impact, plus a calculation of the financial case to articulate a clear path to an attractive return on investment. A well-crafted business case explores all feasible approaches to a given problem and enables business owners to select the option that best serves the organization.
It is important to have a solid framework and understanding when developing and reviewing business cases. Using a case-study approach, this course presents the objectives and the importance of carefully analyzing, creating, and communicating a successful business case and options analysis in order to maximize its chance for case approvals. In this business case and analysis training course, you gain the skills to define desired outcomes, design evaluation criteria, weigh costs against benefits, and communicate a comprehensive business case to improve decision making. Participants will learn how business cases are used to inform the decision making processes in large institution and government bodies and how they can apply the guidance on business case preparation to successfully develop a business case for use by the appropriate decision-making body.
What Will I Learn?
- Structured approach to business analysis
- How business cases are used
- Business case preparation
- Essentials of a business case
- Strategic analysis
- Risk management
- Financial analysis
- Options analysis & selection
- Interest in business analysis
- Interest in entrepreneurship
- Desire to succeed
- General learners
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