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Business Cases are used to make recommendations regarding the commitment of resources for investments. Generally, commercial organisations approve these recommendations based on revenue generating ability of the investment i.e. the financial merit or return on the investment. However, in the public sector this approach is not as straightforward and investment decisions often have no or very low cash inflows (i.e. revenue).
The costs/benefit decision for business cases in the public sector considers a range of other factors in addition to the financial decision including broader economic, social and environmental factors. This makes the public sector unique and Business Case writers and reviewers have to consider these factors when considering their investment proposal.
Given increasing financial constraints, competition for funding and expectations around more rigorous financial governance in the public sector, it is essential that Public Sector Business Cases are appropriately developed and adequately explain the costs and benefits of the proposed investment. This webinar will outline the different dimensions and approaches relating to public sector cost / benefit analysis and provide some key takeaways for participants to consider within their organisational context.