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Importance of the business case Types of Business Cases The Five Case Model Fit with best practice assurance and approvals Preparing for Better Business Cases Foundation examMain goal Attempt Foundation exam with confidence Begin to apply the method, tailoring it to your own projects’ needsSecondary goal Benefits and value of Better Business Cases

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Foundation Exam PBE & CBE, 40 minutes exam Simple multiple choice exam 50 questions, pass mark is 25 or more (50%)

No pre-requisite for Foundation exam Sample, one (official) mock exam is provided to you

Candidates completing an examination in a language that is not their mother tongue, will receive additional timeM00 - Course introduction 3/7 | 3/191

Practitioner Exam PBE & OBE, 2.5 hour exam 4 mandatory OTE questions worth a total of 80 marks. Pass mark of 50% so 40 marks or more to pass 5 Types of OTE questions

Pre-requisite: Foundation exam

Candidates completing an examination in a language that is not their mother tongue, will receive additional timeM00 - Course introduction 4/7 | 4/191

Better Business Cases syllabus code and titleOV Overview of the Five Case ModelSC Developing the Strategic CaseEC Developing the Economic CaseCC Developing the Commercial CaseFC Developing the Financial CaseMC Developing the Management Case

Syllabus Handbook Page

Module slide number / total module slidesSlide number / total slides

Module number and name

BBChandbook pageBBC syllabus section code

BBC is defined in the „Green Book Guidance on Public Sector Business Cases Using the Five Case Model”

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quizlet.com/87683062/

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1. Introduction to BBC and Five Case Model2. Overview of the Five Case Model3. Different types of spending proposals and supporting business cases4. Fit with other recommended best practice5. Unpacking the 5 Case Model6. Approvals and Assurance7. Economic Appraisal – Common Errors

M01 - Introduction to BBC and 5 Case Model 2/13 | 9/191

The Better Business Cases (BBC) Programme has been jointly developed by: HM Treasury Welsh Government

The scheme and exam are based on the HM Treasury’s “Green Book Guidance on Public Sector Business Cases Using the Five Case Model” The accreditation scheme has been developed by the BBC Programme with APMG International

M01 - Introduction to BBC and 5 Case Model 3/13 | 10/191

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M01 - Introduction to BBC and 5 Case Model 5/13 | 12/191

Provides a framework for scoping and planning spending proposals leading to efficient and effective spend Internal and external approval Accountability for public funds Recognised best practice (PRINCE2®, PRINCE2® Agile, MSP®, AgilePM®, AgilePgM®) Repository for information and evidence base Post evaluation

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A lot of new £ spend unsupported by an adequate business case (non valid, not monitored) Too often poorly presented, inherently optimistic and offering sub-optimal VfM Expensive use of (external) consultancy (lacking of internal know-how) No common standard or methodology (difficulties in monitoring and information aggregation) Could achieve more for less through use of proven tools and techniques

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Project Success Rate - 28% (few near misses)

Average Cost over-run - 45% Average Time over-run - 63% Average shortfall in requirements - 33%

„Standish report” & „Chaos Manifesto 2013” by The Standish GroupM01 - Introduction to BBC and 5 Case Model 8/13 | 15/191

Channel tunnel costs underestimated by £5.2bn Jubilee line extension costs underestimated by £1.4bn; project duration understated by 2 yearsMillennium Dome visitor numbers overestimated by 5.5m

Scottish parliament 10 times over budget and late.M01 - Introduction to BBC and 5 Case Model 9/13 | 16/191

• Cost: 1,915+ mld PLN• plus German contractor claims 400 millions and cost of the land, which is not included

• Property tax, on which stands the object is 15 mln PLN per year, further 7 mln PLN insurance, providing EUR 22 million• Infamous financial Madonna concert event • In October 2012 the operator, only five major events at the stadium• About 120 to 150 of the major events each year are required in order to keep the costs

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What are the most common causes of project failure?M01 - Introduction to BBC and 5 Case Model 11/13 | 18/191

Lack of clear link to the organisation’s key strategic priorities Lack of clear senior management ownership and leadership Lack of effective engagement with stakeholders Lack of skills and proven approach to project and risk management Project not broken down into manageable steps Evaluation of proposals linked to short term affordability rather than longer term value for money Lack of understanding of and contact with suppliers Lack of effective integration between the client, supplier and supply chain

Reported by OGC in respect of Gateway ReviewsM01 - Introduction to BBC and 5 Case Model 12/13 | 19/191

M01 - Introduction to BBC and 5 Case Model 13/13 | 20/191