Governments are demanding more effective use of resources, and delivery of desired outcomes, especially when investing in transport infrastructure and services.
Professionals, therefore, need to be able to develop and present robust and compelling business cases to secure funding for investment. Or at least be able to understand how a business case is put together
Let me ask you:
- Does preparing a business case make you anxious and stressed?
- Have you struggled to get a business case approved?
- Do you want to know the key success principles in preparing an effective business case?
Here you will find some answers ...
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Addressing Transport Challenges
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How does your project contribute to delivering the strategic outcomes, the desired results? In this short video I explain how to align your project to desired outcomes using a LogFrame or Logical Framework Analysis. In your experience: How often are projects properly aligned with desired outcomes? – post your comments
Need to solve a problem? Want to take advantage of a new opportunity? Start by building a business case. What is a business case? You may feel pressure to propose a quick solution in order to seize an opportunity or to solve a problem. But recommending an action without considering a range of alternatives is … Read more
In previous articles the steps in addressing transport challenges were outlined: Role of strategy in solving everyday transport challenges A systematic approach to analysing complex transport challenges How to select a solution to solve transport challenges The next step is getting a decision on resourcing – a systematic approach to evaluating transport proposals and presenting … Read more
Selecting the most appropriate intervention or option to address a transport challenge is the next step after determining the strategy and desired outcomes and analysing the challenges. Usually there is more than one way to address any transport challenge. Different options have different contributions, key stakeholders, resourcing and risk profiles. A package of interventions may … Read more
Analysis means identifying and describing the specific problem(s) being faced and getting an understanding of the underlying cause and effect relationships. Avoiding Mistakes In the article: How can you avoid transport policy mistakes? I discussed the key mistakes that transport professionals experience when solving complex challenges: Problem-Solution Thinking Forgetting key stakeholder perspectives Ill-defined problem statement Rational Approach … Read more
Let us start with defining strategy. What is strategy? A strategy is a longer term direction to achieve a particular goal. For example, the vision for road safety is ‘No person should be killed or seriously injured on Australia’s roads’ and the strategy to achieve that includes ‘adopting the safe system approach – safe roads, safe speeds, safe … Read more
Let’s start with quantitative analysis like benefit-cost analysis (BCA) – there is a lot of experience behind this quantitative approach and is supported, mandated even, by central funding agencies, particularly Treasury departments. So, let me start with BCA. This method is only as good as the data behind the analysis, which usually depends on demand … Read more
Much of the work of transport professionals involves delivering projects. Setting up the foundation is key to success – whether a planning project or business case or a technical or infrastructure delivery project. I’ve been thinking about what transport will look like in the ‘new’ normal – whenever and whatever that looks like. Currently, the traffic … Read more
The construction of a new north-south road parallel to the M1 Pacific Motorway, called the Coomera Connector, is currently being planned between Loganholme and Nerang. The recent announcement by the Queensland Premier progressing the business case for the southern section of the Coomera Connector has created a lot of interest in the industry. Community consultation is currently … Read more