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BBCF_Terminology_4

Section 4: Strategic Case

TermDefinition
Economy A measure of the extent to which the costs associated with a project, programme or policy are reduced.
Effectiveness A measure of the extent to which a project, programme or policy achieves its desired outcomes/outputs.
Efficiency A measure of the extent to which a project, programme or policy's associated throughputs are increased.
Interdependency A relationship indicating that two outcomes or activities each have a requirement of the other outcome or activity.
Objective An objective is a statement of a result that is to be achieved, usually within a specific timeframe and with available resources.
Opportunity In the context of a business case, an opportunity typically refers to a set of circumstances which make it possible to further the goals and objectives of an organisation.
Strategic context The strategic context is the alignment of the potential benefits from a proposed investment with the business problem owner''s priorities, regional and national priorities, other programmes and strategies, and other organisations'' priorities (where relevant). The strategic context is part of the strategic case, but is reviewed to ensure it is still fit for purpose at every stage in the development of the business case.
Linkage A common feature between two or more products or services that does not amount to a dependency (e.g. they use the same data source)
Input A product or service that is used or consumed by a process that is necessary for the production of one or more outputs
Scope The area and extent of activity for an initiative. For a programme, the scope is typically described with a focus on the area of activity for the programme. For a project, the scope is the ouputs that it will produce together with the work required to produce them.
Inter-dependency A dependency that is external to the programme or project but is still within the perimeters of the organisation’s programme and project management environment, and most likely linked to the scope of another programme or project within the strategic portfolio.
Created by: Hilary Small
 

 



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