A business case takes the information that is needed in deciding how to best make use of the available resources to achieve a particular goal. It can be a very complex document containing numerous interrelated details that has to be carefully analyzed. In business cases, the business case is usually coupled with an analysis of that information to provide supporting evidence for the proposed decision. The business case thus turns into a tool used to support the planning and execution of the project. It is therefore extremely important that all the necessary details be carefully documented and supported by appropriate supporting documents.
A business case is usually associated with the requirement for developing business plans under federal programs. It provides an objective description of the steps needed to implement the recommended plan. A business case captures the rationale for initiating a planned activity or project. It may be presented as a written document, often in the form of an oral presentation or oral proposal, but can also be a condensed version of a fairly lengthy written document.
In business cases, the detailed information usually required by decision-makers is not contained in the documentation. This is because the detailed information is difficult to collect, evaluate and consider. To help decision-makers in assessing and evaluating the detailed information, business case examples are usually included. These examples provide insight on how to write a business case. They also help in identifying the critical business issues that need to be considered and solved.
For decision-makers, business cases are very helpful in identifying the key business issues that need to be addressed and resolved. These issues are critical because they determine whether a company is able to meet the objectives and requirements or not. Moreover, they help in identifying the sources of risk and uncertainties. Finally, they identify the means by which the project will meet the overall objective. These factors are essential for the success of any project and help determine the speed and scale at which the project must be executed.
When it comes to writing a business case, the first thing that a person has to do is to collect and organize the required data. Then he must evaluate the data. This evaluation process includes the selection of the problem that needs to be addressed, identifying the solution that lies in the solution of the problem, identifying the sources of risk and uncertainty, identifying the stakeholders, and identifying the funding. The next step involves the selection of the appropriate format for the business case. There are several formats available: Brief, Current, Method, Functional, and Hybrid. Some business cases also have additional information beyond what has been stated here, such as an executive summary, a discussion of the financial case, and other details.
One might also need to access the appropriate background information before starting to write a business case. Such information might include: documentation about the project requirement, the product or service to be offered, the target market or audience, the business problem, and the stakeholders. Other background information might include the organizational roles and responsibilities of the team, the project management procedures, and the project scope. The business case should be written in such a way that it provides all the necessary information needed to make the best decision and to identify the most appropriate solution.