Business Cases

Question 1

What are the 5 cases of the “5 Case Model”?

Answer 1

1. Strategic case
2. Economic case
3. Commercial case
4. Financial case
5. Management case

Question 2

What is the aim of the strategic case in the “5 Case Model”?

Answer 2

To show that the intervention is supported by a compelling case for change that provides a hollistic fit with other parts of the organisation.

Question 3

What is the aim of the economic case in the “5 Case Model”?

Answer 3

That the intervention represents best public value

Question 4

What is the aim of the commercial case in the “5 Case Model”?

Answer 4

That the proposed deal is attractive to the marketplace, can be procured and is commercially viable.

Question 5

What is the aim of the financial case in the “5 Case Model”?

Answer 5

That the proposed spend is affordable.

Question 6

What is the aim of the management case in the “5 Case Model”?

Answer 6

To show what is required from all parties is achieveable.

Question 7

What are 6 examples of factors that should be included in an economic case?

Answer 7

1. Critical success factors
2. Short listed options
3. Investment appraisals
4. Optimism bias adjustment
5. Sensitvity analysis
6. The prefered option