Business case checklist

Business Case Checklist to help you create a comprehensive and effective business case for your project 

1. Executive Summary

• Provide a concise overview of the business case.

• Summarize the problem or opportunity being addressed.

• Highlight key recommendations and expected benefits.

2. Define the Problem or Opportunity

• Clearly articulate the issue or opportunity that the business case addresses.

• Provide context and background information.

• Explain the significance of addressing the problem or opportunity.

3. Identify Objectives and Goals

• Define specific, measurable objectives that the project aims to achieve.

• Ensure objectives align with organizational goals and strategy.

• Prioritize objectives based on importance and feasibility.

4. Analyze Options

• Identify and evaluate different options or solutions to address the problem.

• Consider both qualitative and quantitative factors for each option.

• Highlight the pros and cons of each alternative.

5. Cost-Benefit Analysis

• Estimate the total costs associated with the proposed solution.

• Calculate expected benefits, including both tangible and intangible benefits.

• Provide a comparison of costs versus benefits to demonstrate value.

6. Risk Assessment

• Identify potential risks and challenges associated with the project.

• Assess the likelihood and impact of each risk.

• Outline mitigation strategies to address significant risks.

7. Implementation Plan

• Outline a high-level plan for implementing the proposed solution.

• Include timelines, milestones, and key deliverables.

• Identify resources required (e.g., personnel, technology, budget).

8. Stakeholder Analysis

• Identify key stakeholders affected by the project.

• Assess their interests, influence, and potential impact on the project.

• Develop a communication plan to keep stakeholders informed and engaged.

9. Measurement and Evaluation

• Define key performance indicators (KPIs) to measure success.

• Outline how the project’s success will be evaluated post-implementation.

• Include mechanisms for collecting data and reporting on progress.

10. Conclusion and Recommendations

• Summarize the key findings and recommendations of the business case.

• Make a clear recommendation on the preferred option.

• Encourage stakeholders to support the proposed initiative.

This checklist will help ensure that your business case is thorough, well-structured, and persuasive, providing the necessary information for stakeholders to make informed decisions.

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