Full Business Case (FBC)

A comprehensive, detailed document that provides the complete justification for initiating, funding, and delivering a project or program, ensuring strategic alignment, economic value, commercial robustness, financial viability, and effective implementation management, including validated procurement arrangements.

A Full Business Case (FBC) is an all-encompassing proposal that thoroughly examines a project from every critical perspective before any significant investment is made. It represents the final stage of business case development, following initial feasibility studies and outline business cases, and serves as the definitive blueprint for project approval and oversight.

The FBC begins by establishing the strategic case, articulating the need for the project and linking it directly to broader organizational objectives. This section demonstrates how the project addresses key challenges or capitalizes on emerging opportunities, ensuring alignment with long-term strategic goals. The economic case then quantifies benefits and costs, offering an assessment of value for money by evaluating both direct and indirect impacts, thereby justifying the investment on an economic basis.

A critical component of the FBC is the commercial case, which not only outlines procurement strategies and market conditions but also validates the procurement arrangements required for successful implementation. This validation ensures that all external goods and services are sourced competitively and cost-effectively, supporting the overall project objectives. The financial case scrutinizes the affordability of the project by detailing funding requirements, revenue projections, comprehensive cost estimates, and financial risks, while providing a clear pathway for securing the necessary capital.

Lastly, the management case focuses on the practicalities of project delivery, outlining governance structures, risk management strategies, implementation plans, and performance monitoring mechanisms. By addressing these critical aspects, the FBC guarantees that the project is not only conceptually sound but also executable within the constraints of time, budget, and organizational capacity.

In summary, the Full Business Case is an essential, multi-dimensional document that provides transparent evaluation and validation of every facet of a project, including procurement, ensuring that investments are sound, well-planned, and positioned for successful execution.

The My Business Case Hub® has powerful AI tools for developing full business cases. Learn more at https://chasegroup.com.au/AI-Tools. These AI tools automate the structuring and writing, allowing you to generate high-quality, accurate business cases in just five minutes.