Business Case Development Guidelines
Introduction
Any request for funds in support of activities that are essential to a business unit's base activities may be considered for incremental program funding and are driven in response to:
? Documented user needs
? Work process changes
? Information systems changes
? Significant network or technology enhancements
? Quality and service improvements
? Major operating efficiency improvements
? Market, Technical or concept trials
The Business Case should answer the following questions:
? What is the opportunity/problem you are trying to solve?
? What is the desired result you are looking for?
? What is the nature of the improvement?
? What must be invested to get the desired result?
? What are the new production operational costs?
? What are the spending reductions, revenue improvements or profit improvements?
? What are the qualitative benefits, such as customer satisfaction, strategic value, cycle time improvements, etc.?
? What are the concerns or risks?
? What is the exit strategy if an initiative is not returning investment?
Documentation
? Should be in the form of a business case or proposal for market or technical trial funding.
? Submission should be able to adequately substantiate the request for incremental funding by establishing the:
? Need for funding
? Benefits to be derived
? Corporation's ability to execute the program
? Program's ability to provide adequate financial return
? Resources identified within financial justification
? Incremental marketing
? Product development
? Network
? Systems
Objectives of Business Case Guidelines
? Pr ...