A business case is a part of an investment process. It can be seen as the justification for making a certain investment. The exact way in which this justification is given is not fixed however, business case is used as a catch-all term for a range of possibilities to work out this justification.
In a business case, the entire project is set out in different parts. First, the background of the project is examined. What is the reason for the steps to be taken? In addition, it is important not to lose sight of the connection with the current business operations.
Next, various options, also called scenarios, are examined in detail and worked out. These elaborations can be, for example, different alternatives of a future layout. It is possible that in some scenarios the risks will not outweigh the benefits that the scenario in question entails. The financial aspect also plays a role. Per scenario the expected investment (CAPEX and/or OPEX) is calculated. Based on all the above factors, a choice is finally made.
As you can read, there is quite a bit of work involved in working out a detailed business case. At Dapp, we have successfully completed similar projects for various clients in the food sector.