Winning project approval: Writing a convincing business case for project funding: Fid-Bau Portal

Winning project approval: Writing a convincing business case for project funding

McLaughlin, John

A well-researched and documented business case provides decision makers with data and information to improve decision quality. Business cases may be needed for approving the project or budget, obtaining finances from public or private sources, deciding on facility location or setting direction from a range of strategic facility alternatives. There are proven methods and techniques for researching and documenting an effective business case that will reduce time and costs, as well as produce a more comprehensive, convincing deliverable. Accurate time and cost estimating, scope definition and effective organisation of the team is critical for a successful launch. Knowing where to research information, and identification and evaluation of alternatives are critical in developing a first draft. Leveraging the capabilities of modern technology, and preparing strategies and tactics to address inevitable problems are key to completing a project to the customer’s satisfaction, on schedule and within budget.