Investment Business Case
Know Your Business Case Basics
- All postal investments must be justified. While projects over a million dollars require a Decision Analysis Report (DAR) Business Case, smaller investments need to be supported too. When developing business cases under $1 million (to be submitted to Corporate Budget or Postal management) be sure to include:
- Introduction. Give a brief overview and funding amount requested.
- Background. What’s the opportunity or problem?
- Solution. Describe it.
- Alternatives. Provide an analysis.
- Justification, assumptions, and expected financial impacts.
- Performance metrics. How is success measured?
- Timeline.
Following these guidelines will ensure that management has the information needed to evaluate investment proposals.
It’s about spending money wisely and effectively.
And that’s smart business.