AFM203 Chapter Notes - Chapter 5: Business Case, Systems Development Life Cycle, Financial Analysis
11 Oct 2018
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Document Summary
Business case: comprehensive collection of evidence and analysis that sets out the rationale for why a problem or opportunity should be addressed: core requirements, evidence for decision-makers, stakeholders and the public. Business case structure: eight chapters, framing material. Introduction: problem definition, option development, four case evaluation, two that speak to the rational for pursuing an investment. Strategic case: economic cases, two that speak to the requirements for successful implementation of the investment. Financial case: delivery and operations case, conclusion section. Principles: objective and evidence-based, free of bias, based on verifiable data, evidence and transparent assumptions, diverse information sources, qualitative and quantitative data. Intentional change to the transportation system invested in by one or more government agencies: option: specific investment under considerations, changes to transport network"s regulations/policies, traveler experience, operations. Infrastructure: economic analysis, approach to determine the value of impacts of an investment to the welfare of individuals and society as a whole, real terms.
