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The Procurement Process

3.1 High-level business case

3.1 High-level business case 3.2 Strategic business case 3.3 Outline business case 3.4 Full business case 3.5 Implementation 3.6 Benefits evaluation 3.7 Low Value Procurements
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You are on step 14 of 15 steps.

Click for slide: Scope the investment Click for slide: Consider business need Click for slide: Consider the critical success factors Click for slide: Identify the stakeholders Click for slide: Identify central initiatives Click for slide: Consider initial options Click for slide: Consider sourcing Click for slide: Estimate costs (including resource usage) Click for slide: Estimate time Click for slide: Consider risks and achievability Click for slide: Determine an acceptable balance of cost, benefit and risk Click for slide: Test your assumptions Click for slide: Appoint key personnel Click for slide: Produce a high level options document Click for slide: Decision point
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What you need to do

This sets out the business need, the objectives that will be met, preliminary options for meeting the business need, high level risks, indicative costs and timeframes. Seek board approval in principle to go ahead from the investment decision maker.

Points to consider

Keep the information in this high level options document as brief as possible while providing enough detail for a management decision. Be prepared to have to revisit the assumptions on which the business case is based if the project looks as if it might not be achievable or affordable without further investigation.

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