Business cases – are they important?
There is an increasing focus on public value because our government spends in the region of £700bn of taxpayers’ money every year…and it’s still not enough. Unfortunately, a lot of this spend is inefficient – meaning fewer services (or higher taxes). The Treasury sets out the principles of public value in the ‘Green Book’, which provides the basis of public sector investment appraisal. It focuses on five aspects
– Why are we investing?
– What are the options?
– Can we procure the required services?
– Are they affordable?
– Can we successfully deliver services?
Successfully answering these five simple questions means there is a fighting chance of not wasting public money!
This business case masterclass will introduce the importance of business cases and why they are relevant to the nuclear industry, then Stefan Sanchez who supported the development of the Treasury’s business case guidance and Tom Callahan, an experienced economist and business case practitioner, will gallop through the key Green Book principles to give you a comprehensive overview of the requirements and where to find further information and support. NIA Chairman Dr Timothy Stone CBE will also present on the day.