A Business Case (not to be confused with a Business Plan) is a document, typically an Excel-based financial model, that outlines the potential costs, (financial and non-financial) benefits, risks, return, and payback period of a proposed capital investment. For clarity, a Business Case is sometimes referred to as a Capital Budgeting Business Case or Capital Investment Business Case.
A Business Case is typically used by organizations to evaluate the feasibility and potential return on investment of a capital project, such as the construction of a new factory or the acquisition of a new piece of equipment. It is an important tool for ensuring that organizations make informed decisions about their capital investments, and that they are able to generate a positive return on those investments.
Business Case Development requires a number of skills, including:
Analytical skills: Developing a Business Case involves analyzing a range of data and information in order to understand the potential costs, benefits, and risks of a proposed project or investment. This requires strong analytical skills, including the ability to collect, organize, and interpret data, and to identify patterns and trends.
Financial skills: It also requires the evaluation of the potential financial impact of a proposed project or investment. This requires knowledge of financial concepts and techniques, such as cost-benefit analysis, net present value, and return on investment—and the ability to use these concepts to make informed decisions.
Communication skills: The potential costs, benefits, and risks of a proposed capital project must be communicated to a range of stakeholders, including executives, managers, and other decision makers. This requires strong communication skills, including the ability to write clearly and concisely, to present complex information in a simple and easy-to-understand manner, and to persuade others of the value of the proposed project or investment.
Problem Solving skills: Developing a Business Case often involves identifying and addressing challenges or obstacles that may arise during the project. This requires strong Problem Solving skills, including the ability to think creatively, to identify and evaluate potential solutions, and to make decisions based on incomplete or uncertain information.
If a capital project has been justified by the Business Case (both financially and non-financially) and receives the go-ahead from executives, the Business Case financial model is then continuously maintained and adjusted to track the project's progress against the initial financial projections and assumptions. This Business Case financial model then becomes a working document used during the Project Management process.
CUSTOMER TESTIMONIALS
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me.
Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current.
Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world."
– Roberto Pelliccia, Senior Executive in International Hospitality
"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."
– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant's toolbox."
– Michael Duff, Managing Director at Change Strategy (UK)
"As a consultant requiring up to date and professional material that will be of value and use to my clients, I find Flevy a very reliable resource.
The variety and quality of material available through Flevy offers a very useful and commanding source for information. Using Flevy saves me time, enhances my expertise and ends up being a good decision."
– Dennis Gershowitz, Principal at DG Associates
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."
– Moritz Bernhoerster, Global Sourcing Director at Fortune 500
"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
SELECT CUSTOMERS
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes across the world—in over 130 countries.
Below is just a very small sample of our customer base.
Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.