Business Case Template

Description
While writing a business case, it may be required to undertake a formal feasibility study. This process involves a more detailed evaluation of the current business problem or opportunity, the different-different solutions available, the probability of a successful implementation for each solution, and the recommended best solution for implementation. The feasibility study provides a business case with more suitable solution options.

The business case is frequently referred to during the project development cycle. At each quality review point, the business case is used to determine whether or not the benefits, costs, risks, and issues prevalent match those listed in the business case.

At the end of the project, a post-implementation review (PIR) will determine whether or not the project delivered the business benefits outlined in the business case.

In this regard, the success of the project is measured against the ability of the project to deliver the criteria outlined in the business case.

Business Case Template Outline
This is the standard business case template outline which will cover all important sections that you should include in your business plan.

Executive Summary
Business Problem
Environmental Analysis (include Business Process as applicable)
Current Business Process
Objectives
Problem Analysis
Business Problem
Business Opportunity
Available Options
Option 1
Description
Benefits, Goals, and Measurement Criteria
Costs and Funding Plan
Feasibility
Risks
Issues
Assumptions
Option 2
Description
Benefits, Goals, and Measurement Criteria
Costs and Funding Plan
Feasibility
Risks
Issues
Assumptions
Recommended Option
Option Rankings
Option Recommended
Implementation Approach
Project Initiation
Project Planning
Project Execution
Project Closure
Project Management
Appendix
Supporting Documentation