Develop a business case
Within any organsation the level of capital and other resources available is limited. As a result, energy projects will be competing with other departments and projects for these same resources, so your business case has to be strong.
The better you prepare your business case, the better yor chances of receiving the required investment. You need to provide a rigorous assessment, investigation and analysis that will give confidence that the project will be a success.
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Preparing to write the business case
If your business case looks promising, there are a number of things you can do to improve your chances of success:
- provide a cost-benfit analysis
- demonstrate how the project fits with the business’s strategic objectives
- explain the impact on environmental compliance
- show the impact on health and safety
- outline the risk profile of the project vs the alternatives.
Scoping your business case
Strategic objectives could include:
- reducing cost and improving business competitiveness
- reducing energy use and enabling growth in energy-constrained facilities
- increasing productivity
- improving sustainability.
Write your business case for the people who will be reviewing it – they may not be interested in technical aspects. But the more money your business case is asking for, the greater level of scrutiny it will get, and the more information and accuracy will be needed. As a minimum you should include the following sections.
- Project costs and uncertainties
- Financial benefits
- Alternatives considered
- Project management
- Project risks
- Project timeline
- Review process