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Better Business Cases - Investing for Change for Better Value

Page updated 22 Aug 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 systematic 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

The New Zealand 'concise' version of the guidance is based on the UK version, with the consent of the International BBC Steering Committee (HM Treasury, the Welsh Government, and the New Zealand Treasury). The International version is to be released late 2014.

Guidance

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

Training and Support Programme

We deliver training and support about the Better Business Cases approach and methodology.

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.

The Evaluation and Way Forward

Evaluation & the Way Forward

The results of the 2013 National Evaluation and the way forward including how we are focussing on improving capability in Priority Public Sector Organisations

Endorsed BBC Expert Practitioner and Reviewer pilot

In 2013 we launched this pilot as a way of improving capability in Priority Public Sector Organisations resulting in business cases that meet the BBC standard at reduced time and cost. See our list of Endorsed Experts.

Priority Public Sector Organisations can nominate potential experts. Each candidate seeking endorsement needs to submit their application form, with two business cases and a 360 survey by 19 December 2014 for interview and assessment by the International BBC Standards Board (scheduled in February 2015). Find out more about the pilot.

When does BBC apply in New Zealand?

State Sector

For  mainly high risk and/or large scale capital investments requiring Cabinet decisions based on the rules set out in (Cabinet Office Circular CO (10) 2).

Canterbury Earthquake Recovery Agency

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

New Zealand Transport Agency

For the National Land Transport Programme. (The “Business Case Approach” is based on BBC)
New Zealand Transport Agency

Auckland Council

For capital project investments Auckland Plan, paragraph 827 refers

Health Sector

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 Sector

For any investment or borrowing proposal that requires approval from TEC, Secretary for Education and/or Ministers (including Cabinet)
http://www.tec.govt.nz/Tertiary-Sector/Crown-Interest/Business-Cases/

Local Government

The Society of Local Government Managers are considering the promotion of BBC across local government nationally

Good Practice

Significant interest from organisations to use as good practice approach

Contact for Enquiries

Email: betterbusinesscases@treasury.govt.nz
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