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Department of Health and Human Services Office for the Community Sector Draft Business Case and Risk Assessment Template Section 1: Approval to Proceed to Funding Agreement Business case and Risk

How to fill out draft business case and

How to fill out a draft business case:

1. Identify the purpose of the business case: Start by clearly defining the reason for creating the business case. Determine whether it is for seeking funding, justifying a new project or initiative, or proposing a strategic change in the organization.
2. Conduct thorough research: Gather all the necessary data, facts, and figures related to the project or initiative you are presenting. This may include market research, competitor analysis, cost estimates, potential risks, and any other relevant information.
3. Define the objectives and goals: Clearly articulate the specific objectives and desired outcomes of the proposed project. Be concise and ensure that they align with the overall strategy and goals of the organization.
4. Outline the proposed solution: Present the solution or idea that the business case is supporting. This could include new product development, process improvements, or other initiatives. Clearly explain how the proposed solution will address the identified problem or opportunity.
5. Assess the risks and benefits: Identify and evaluate the potential risks and benefits associated with the proposed project. This analysis should include a financial assessment, cost-benefit analysis, and any potential impacts on stakeholders or the organization as a whole.
6. Develop a timeline and budget: Create a realistic timeline for the project, outlining key milestones and deadlines. Estimate the financial resources required and develop a detailed budget, including both capital and operational expenditures.
7. Justify the investment: Clearly articulate the return on investment and explain why the proposed project is worth pursuing. Present a compelling case for why the benefits outweigh the risks and costs involved.

Who needs a draft business case:

1. Project managers: Project managers need a draft business case to provide a clear and structured plan for a proposed project. It helps them present the project's objectives, benefits, and potential risks to stakeholders and secure necessary resources.
2. Senior management: Senior management plays a crucial role in approving or rejecting proposed projects. A draft business case enables them to evaluate the potential value, alignment with organizational goals, and financial implications before making investment decisions.
3. Investors or funding bodies: To secure funding or investment, entrepreneurs, start-ups, or even established companies need a well-prepared draft business case. It helps investors understand the viability and potential of the proposed project or initiative.
4. Decision-makers: Individuals or committees responsible for making strategic decisions within an organization require a draft business case to assess the impact of proposed projects on overall business objectives and resources.

In summary, drafting a business case involves identifying the purpose, conducting thorough research, defining objectives, outlining the proposed solution, assessing risks and benefits, developing a timeline and budget, and justifying the investment. Various stakeholders such as project managers, senior management, investors, and decision-makers would benefit from a well-prepared draft business case.

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What is draft business case?

Draft business case is a document that outlines the proposed project or initiative, including its objectives, costs, risks, and benefits.

Who is required to file draft business case?

Usually project managers, business analysts, or decision-makers are required to file draft business case.

How to fill out draft business case?

To fill out a draft business case, one must gather all relevant information about the project, including financial projections, timelines, and potential risks.

What is the purpose of draft business case?

The purpose of a draft business case is to provide decision-makers with an overview of a proposed project so they can assess its feasibility and potential impact.

What information must be reported on draft business case?

Key information to be reported on a draft business case includes project objectives, costs, risks, benefits, stakeholders, and timeline.