The purpose of the Full Business Case (FBC) is to identify the marketplace opportunity that offers optimum Value for Money (VfM), set out the commercial and contractual arrangements for the negotiated deal, confirm the deal is still affordable and put in place the detailed management arrangements for the successful delivery, monitoring and evaluation of the scheme.

Much of the work involved in producing the FBC focuses on revisiting and updating the conclusions of the Outline Business Case (OBC) and documenting the outcomes of the procurement.

On completion of the FBC, a Gateway Review 3 (investment decision) should be considered for the project, prior to the formal submission of the FBC to the approving authority. All parties should now be content for the project to proceed to contract signature, providing the above work has been completed satisfactorily and the resultant scheme is affordable.

Five Cases in the FBC

The Strategic Case
The Economic Case
The Commercial Case
The Financial Case
The Management Case

Five Cases in the Full Business Case (FBC)

The Strategic Case

Confirm that the case for change remains as set out in the OBC. Additional business needs and requirements that have arisen since the submission and approval of the OBC will require the case for change to be revisited and updated.

Ensure the spending objectives have been made SMART for the purpose of post evaluation and updated to reflect the latest information regarding the rationale, drivers, anticipated outcomes and benefits for the project.

Revisit the case for change, because the rationale for the project may have altered since the OBC was approved, due to evolving business needs and changing service requirements.

The Economic Case

To confirm that the options identified in the OBC economic case are still valid and their rankings remain the same. The purpose of this action is to evidence that the preferred option remains the same as that identified at the OBC stage. Any new options must be clearly identified and any adjustments to existing options explained.

Confirm that the conclusions of the OBC economic appraisal still remain valid at FBC stage.
Update the economic case to provide a summary of the procurement process and how the Best and Final Offers (BAFOs) were evaluated and the preferred bidder selected.
Confirm the procurement strategy, route and evaluation criteria were followed as set out in the OBC and explain any changes.

The Commercial Case

This step involves revisiting and updating the commercial case dimension of the business case to reflect the negotiated deal and its financial consequences over the lifespan of the contract and service.

Document the deal that has been negotiated by the public sector organisation and its choice of service provider.

The Financial Case

Confirm the affordability of the negotiated deal.

The Management Case

This step requires revisiting and updating the management dimension of the business case to record the detailed management arrangements that have been put in place to ensure the successful delivery and evaluation of the project.

In all cases, explain what has been agreed and finalised for the successful delivery of the project in accordance with best practice.

Revisit the project management arrangements and plans that were outlined in the OBC.
Revisit the change management arrangements and plans that were outlined in the OBC.
Revisit the benefits realisation arrangements and plans that were outlined in the OBC.
Revisit the risk management arrangements and plans that were outlined in the OBC.
Record the contract management arrangements and plans that have been agreed and finalised for the successful management of the service in accordance with best practice. This should include both the formal and informal arrangements that have been put in place for the strategic and operational management of the contract.
Revisit the post project evaluation arrangements and plans that were outlined in the OBC.

Full Business Case (FBC)

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