10-1108_14725960410808294.pdf - Winning project approval:...

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Winning project approval:Writing a convincing businesscase for project fundingReceived (in revised form): 9th February, 2004John McLaughlinis a senior consultant with Stantec Consulting Ltd. Stantec, headquartered inEdmonton, provides knowledge-based solutions to infrastructure and facilities projectsthrough value-added professional services and technologies. Stantec trades on theToronto Stock Exchange under the symbol STN. John works in the StrategicManagement division, where he assists clients with the development andimplementation of project specific business cases, feasibility studies, assetmanagement plans and other services. In the past two years, John has led or assistedteams to develop business cases for about Can $3bn of new infrastructure. With 25years of management experience in both the public and private sector, previousemployers represent manufacturing, telecommunications, municipal government andreal estate consulting. John has a master’s in Environmental Design and is a CertifiedFacility Manager (CFM) with the International Facility Manager’s Association.AbstractA well-researched and documented business case providesdecision makers with data and information to improvedecision quality. Business cases may be needed for approvingthe project or budget, obtaining finances from public orprivate sources, deciding on facility location or settingdirection from a range of strategic facility alternatives. Thereare proven methods and techniques for researching anddocumenting an effective business case that will reduce timeand costs, as well as produce a more comprehensive,convincing deliverable. Accurate time and cost estimating,scope definition and effective organisation of the team iscritical for a successful launch. Knowing where to researchinformation, and identification and evaluation of alternativesare critical in developing a first draft. Leveraging thecapabilities of modern technology, and preparing strategiesand tactics to address inevitable problems are key tocompleting a project to the customer’s satisfaction, onschedule and within budget.Keywords:feasibility, alternatives, business case, funding, financeINTRODUCTIONAs a result of the work of the Alberta Financial ManagementCommission, since July 2002, the Government of Alberta requiresall organisations with project funding requests to submit acomprehensive business case. This partly fulfilled the commission’sJohn McLaughlinSenior Consultant, StrategicManagement, Stantec Consulting Inc.10160–112 Street, EdmontonAlberta, T5K 2L6 CanadaTel: +1 780 917 7487Fax: +1 780 917 8888E-mail: [email protected]#H E N R Y S T E WA R T P U B L I C A T I O N S1472 ^ 59 67J o u r n a l o f F a c i l i t i e s M a n a g e m e n tV O L . 2 N O . 4P P 3 3 0 – 3 3 7330
Business casetemplateDefining objectives/driversdirective to improve the way in which provincially funded capitalprojects are managed and funded. The commission concluded thatall public entities seeking provincial funding for their capital

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Term
Spring
Professor
N/A
Tags
Project Management, Journal of Facilities Management

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