Course OVERVIEW

This one day course will equip delegates with basic skills to understand the requirements of the 5 Case Model for producing successful business cases for transport schemes. The course will cover the principles of producing business cases following guidelines from the HM Treasury’s Green Book, DfT’s WebTAG, Transport for London or Local Enterprise Partnerships.

The delegates will be able to bring their own examples to discuss at the course and also will learn about key points to remember whilst reviewing and scrutinising the business cases. 

LEARNING OUTCOMES

Upon completion of the course, delegates will be able to:•  understand the need and principle of producing a business case•  learn about setting scheme objectives and the process of prioritising scheme options•  learn about the steps of carrying out cost-benefits analysis•  learn about the governance arrangements and techniques to manage stakeholders         effectively•  understand about the key deliverables needed to put together a business case•  learn about key criteria of securitising and approving business cases.

Session 1: what, why and when?

• What is a business case?
• Why do we produce a business case?
• When do we need to start developing a business case?
• Where can we find guidance on producing a transport business case (HM Treasury, DfT, TfL or LEP)?

Session 2: Strategic fit

• Need for intervention and objective setting
• Identification of the expected benefits
• Prioritisation of options and the identification of a preferred option
• Deliverables

Session 3: Cost-benefit analysis

• Qualitative, quantified and monetised impacts and benefits
• Cost estimation including risk allocation and optimism bias
• Benefit management
• Deliverables

The course is suitable for those who are new to business case development and review process, transport planning profession and for experienced professionals seeking to gain the Transport Planning Professional Qualification.