Treasury’s Better Business Cases™ (BBC) supports government investment decision-making by providing a common language and a systematic way for stakeholders to think and work together to give decision-makers the information they need to invest with confidence.
A Better Business Case demonstrates that:
- there is a compelling case for change – 'Strategic case'
- the way forward optimises value to New Zealand – 'Economic case'
- the potential deal with the market is commercially viable – 'Commercial case'
- the proposal is affordable – 'Financial case'
- the organisation is set up to deliver the proposal and its benefits successfully – ‘Management case’
BBC enables the ‘plan’ phase of the investment life cycle, is a reference point during the ‘Do’ phase, and is used in the ‘Review’ phase to determine whether the benefits in the business case were realised.
Cabinet Office Circular CO(19) 6 Investment Management and Asset Performance in the State Services states Cabinet’s expectations in regard to capital expenditure, asset disposals, lease arrangements and ‘as a service’ investments. Cabinet requires the use of the Better Business Cases framework for all significant investment proposals from all state sector agencies in scope of the circular.