Business cases and investment appraisal

Original to this reference.

Levels

1. Awareness

You can:

• explain the purpose of a business case and its financial section
• collect cost information for a business case

2. Working

You can:

• build the financial model for a straightforward business case
• separate capital and revenue costs, and one-off and recurring costs
• include whole-life costs, such as licences, support, and hosting after go-live

3. Practitioner

You can:

• lead the financial case for complex digital investments, such as a new clinical system or a move to cloud
• appraise options using net present value, sensitivity analysis, and risk adjustment
• check that benefits are realistic, measurable, and owned
• track spending and benefits after approval

4. Expert

You can:

• set the organisation's business case and investment appraisal standards
• advise investment boards on affordability, value for money, and risk
• make the case to funders for major investment programmes
• review the portfolio of investments and recommend where to stop, change, or continue

Closest ESCO skills

• assess financial viability (close match)
• investment analysis (close match)
• analyse business plans (broad match)

Contains ESCO v1.2.1 data (https://esco.ec.europa.eu/). © European Union. Reuse authorised under Commission Decision 2011/833/EU.

Role levels that expect this skill