Better Business Cases
As part of the Canterbury Earthquake Recovery, CERA is adopting the Better Business Case model to consider projects and programmes requiring Crown investment in whole or part.
The Better Business Case model is a requirement in central government and is used to evaluate funding proposals where Cabinet approval is required. Better Business Case provides:
- Decision makers with a structured framework to consider programmes or projects; and
- Business case writers and managers clarity over expectations.
The Better Business Case process is based on good practice from the United Kingdom, Australia and New Zealand which has been modified for the Canterbury Earthquake Recovery. Experience has shown that Better Business Case can help ensure:
- Greater value through engagement and collaboration by stakeholders (particularly in a workshop environment);
- Transparency and a consistent approach to investment decisions;
- Programmes and projects are coordinated and implemented effectively and successfully.
Better Business Case supports organisations to develop a compelling case for funding and importantly, ensure best value from the selected option. These principles will be critical to a timely and effective recovery.
Each Better Business Case is made up of five parts:
The Better Business Case process is underpinned by five key questions.
|Strategic case||Where does the proposal fit with the overall recovery strategy and wider policies?|
|Economic case||What is the preferred option and will it deliver value?|
|Commercial case||How will the preferred option be bought?|
|Financial case||How will the preferred option be funded and is it affordable?|
|Management case||How will the preferred option be managed and delivered?|
Business case writers address each of these, which are presented to decision makers. The emphasis is on getting the right people together at the start of the process to think and develop workable, affordable options.
Better Business Cases - Why are we doing this and what is expected?
Better Business Cases - The 5 Case Model
Better Business Cases - Who needs to be involved?
Better Business Cases - How the process works
Better Business Cases - UK lessons learned
Where do I find out more and what support is available?
We realise that public (particularly government agencies and local government) and private sector organisations will be interested in Better Business Case in the preparation of programmes or projects. From August 2012 CERA (in conjunction with the Treasury) will provide a training and support programme.
How to find out more information?
A booking form will be available from mid June 2012 to register interest in obtaining training and support on the Treasury’s Better Business Case website: http://www.infrastructure.govt.nz/publications/betterbusinesscases
Other contact details:
To register interest and be notified on upcoming seminars contact:
- CERA call centre: 0800 RING CERA (0800 7464 2372). International callers can phone + 64 3 354 2600 between 8am and 5pm Monday – Friday
- Email: email@example.com
- Postal address: Better Business Case, c/- CERA Private Bag 4999, Christchurch 8140