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Elements and Performance Criteria
Elements describe the essential outcomes
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.
1. Research a business case
1.1 Identify and confirm business problem.
1.2 Analyse key stakeholder requirements to clarify objectives.
1.3 Consider a range of factors to identify opportunities and constraints.
1.4 Conduct market analysis.
2. Examine business solutions
2.1 Analyse and document business and technical impacts and risks.
2.2 Analyse community, environmental and human resource impacts.
2.3 Canvas for alternative solutions and their financial implications and discuss with senior management and business case originator.
3. Construct a business case
3.1 Develop options and determine and document impacts, risks, costs and stakeholders.
3.2 Make and justify recommendations.
4. Finalise a business case
4.1 Present business case and explain recommendations.
4.2 Obtain approvals and management endorsement.