Better Business Cases certification
What is Better Business Cases?
Better Business Cases is used to develop spending proposals and make investment decisions. It is a strategic and objective approach that helps organisations to create proposals that are accurate and effective in securing funding. The Better Business Cases approach is based on the UK government’s best practice approach, as outlined in the HM Treasury’s Green Book and the Five Cases Model.
The main goal of the Better Business Cases approach is to ensure that organisations make informed investment decisions that align with their overall strategy and objectives. The approach provides a structured and transparent process for evaluating a proposal’s costs, benefits, and risks and assessing its viability from a financial, commercial, and management perspective.
By using the Better Business Cases method, organisations can improve the quality of their proposals, increase the chances of securing funding, and make better investment decisions.
HM Treasury’s Green Book
The Green Book is a guide produced by the UK government’s HM Treasury, providing a framework for appraising, and evaluating proposals for policies, programs, and projects.
The Five Cases Model
The Five Cases Model is a framework for developing proposals and making investment decisions, used by the UK government as part of its best practice approach. The Five Cases Model consists of five inter-related elements, or cases, that must be considered when making investment decisions:
- Strategic Case: This case assesses whether the proposal aligns with the organisation’s overall strategy and objectives.
- Economic Case: This case considers the costs and benefits of the proposal and assesses whether it is the most cost-effective solution.
- Financial Case: This case assesses the proposal’s viability from a financial perspective, including the estimated costs, funding sources, and potential risks and returns.
- Commercial Case: This case assesses the commercial aspects of the proposal, including market conditions, the competitive environment, and the proposed delivery model.
- Management Case: This case assesses the feasibility of the proposal, including the resources required, the risks involved, and the proposed implementation plan.
By considering each of these five cases, organisations can make more informed investment decisions and develop more likely proposals to succeed. For more information about the Five Cases Model, click here. Better Business Cases Foundation and Practitioner courses are accredited by APMG International.