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Better Business Cases - Investing for Change for Better Value

Page updated 10 Mar 2014

Objectives

The primary objective of Better Business Cases (BBC) is to improve decision making through fit for purpose business cases.

The secondary objectives are to:

  • reduce the costs of developing business cases
  • make the business case production and review process more efficient
  • conform with recognised good practice.

What is Better Business Cases (BBC)?

BBC is a structured way that stakeholders can work and think together to provide a business case, with fit for purpose analysis, which gives confidence to decision makers that investing in a proposed programme or project is justified following the five case model:

there is a compelling case for change, 'Strategic case'; the way forward optimises value for money, 'Economic case';
									 the potential deal with the market is commercially viable, 'Commercial case'; the proposal is affordable, 'Financial case';
                                     the proposal can be delivered successfully, 'Management case'

If, after the investment decision, the project is well delivered and/or the programme is well managed there is greater likelihood that project benefits will be delivered and/or programme outcomes will be achieved.

Guidance, Training and Support, the Evaluation and Way Forward

The New Zealand 'concise' version is based on the UK version, with the consent of the International BBC Steering Committee (HM Treasury, the Welsh Government, the World Bank and the New Zealand Treasury).

Guidance

We provide downloadable guidance products for specific type of business cases whether they are for proposed programmes or projects.

Training & Support Programme

The training courses are set out on this page, providing an brief outline of each course, intended audience, and cost.

Training & Support Booking Form

Training is provided in Auckland, Rotorua/Hamilton, Wellington, and Christchurch. Course dates and booking forms are found here Evaluation & the Way Forward.

Evaluation & the Way Forward

The results of the National Evaluation and the way forward including how we are focussing on building public sector capability, including endorsed BBC Experts.

When does BBC apply in New Zealand?

State Sector

BBC for state sector capital investments requiring Cabinet decisions
(Cabinet Office Circular CO (10) 2).

Canterbury Earthquake Recovery Agency

Adopted BBC for public investments required as part of the Recovery Strategy of greater Christchurch
Christchurch Earthquake Recovery Agency (CERA)

New Zealand Transport Agency

Business Case Approach, based on BBC, across the National Land Transport Programme effective from July 2013.
New Zealand Transport Agency

Auckland Council

Published the Auckland Plan requiring the development of a shared decision-making framework for capital project investment, such as the 'better business case' approach to coordinateinvestment programmes across the public sector.
Auckland Plan, paragraph 827 refers

National Health Board

The National Health Board Capital Investment Committee has aligned their  capital investment guidelines with BBC http://nhb.health.govt.nz/capital-investment-committee/capital-assessment-guidelines

Tertiary Education Commission

Any investment or borrowing proposal that requires approval from TEC, Secretary for Education and/or Ministers (including Cabinet) must be accompanied by a business case developed using BBC   http://www.tec.govt.nz/Tertiary-Sector/Crown-Interest/Business-Cases/

Good Practice

Significant interest from organisations to use as good practice approach

 

Contact for Enquiries

Email: betterbusinesscases@treasury.govt.nz
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