A documented economic feasibility study,
this is, in a nutshell what a program business case is. The business case is used to establish validity of benefits to be delivered by a program.
The business case:
- Is developed to assess the program’s investment against the intended benefits.
- Links the organization’s strategic plan and the program management,
- it’s done to help the organization to achieve these goals.
- it is the primary justification document for an investment decision.
- Defines the success criteria that is maintained through the program.
- Enables to calculate the variance between the planned outcomes and the achieved outcomes.
- It can be basic, high-level or detailed.
- Program outcomes
- approved concepts
- high level risks
- opportunity assessments
- key assumptions
- business and operational impacts
- cost/benefit analysis
- alternative solutions
- financial analysis
- intrinsic and extrinsic benefits
- market demands or barriers
- potential profits
- social needs
- environmental influences
- legal implications
- time to market