Standardized Framework for Business Case Evaluation PPT
This PPT slide, part of the 126-slide Capital Optimization Guide PowerPoint presentation, outlines the collaborative framework between the SIB CET and SIB PMO, emphasizing the importance of a standardized process for evaluating business cases. It highlights several key features of the Capital Excellence Team, which operates with a small, specialized group that brings focused expertise across various projects. This structure is designed to create a centralized environment for business case development, ensuring that all projects benefit from a consistent approach.
The slide also details the components involved in developing a business case, which are categorized into 4 essential phases: Commercial validation, Technical validation, Project management, and Execution readiness. Each phase serves a distinct purpose. Commercial validation focuses on defining desired business outcomes and assessing the commercial viability of the projects. Technical validation ensures that the projects meet real capacity requirements and confirms the necessary technical specifications.
Project management is aimed at optimizing schedules and defining contracting strategies to streamline execution. Lastly, execution readiness emphasizes the importance of establishing a clear organizational structure and implementing active risk management and performance metrics.
The visual representation of the process, with business cases flowing through various evaluation stages, reinforces the systematic approach taken by the team. This structured methodology not only enhances transparency, but also builds confidence in the decision-making process for stakeholders. Overall, the slide effectively communicates how the collaboration between the SIB CET and SIB PMO leads to a robust framework for project evaluation and approval.
This slide is part of the Capital Optimization Guide PowerPoint presentation.
This framework was developed by a team of consultants for a large blue chip company and can be replicated across industries.
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Cost Reduction Assessment Capital Structure Risk Management Project Management Organizational Structure Business Case Development Business Case PMO Purpose
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