Become a Certified Business Case Expert: Identify, Evaluate, and Justify
Certification in Business Case requires one to clearly show mastery of Business Case development and analysis. This certification establishes competence of a candidate in terms of expertise in being able to recognize new business opportunities and evaluate their viability while being able to provide coherent reasons on why such investments should be made. Certified professionals in Cyprus have knowledge and skills on how to build a sound strategic business case that creates needed momentum, enumerates benefits, and cushions against risks. Consequently, Business Case Certification is useful for managers, business analysts, consultants, as well as executives and project managers desiring to build capabilities in areas of strategic fluidity. Holding this credential, people may enhance their employment reputation and help a company achieve its objectives.
How to write a Business Case?
Business Case can be defined as a written and structured presentation of a particular business proposal, project or idea, its goals as well as its advantages. Ideally, it should have an articulated problem, potential solutions, quantitative evaluation of the financials, assessment of risks involved, and cost-benefit analysis. Business case is mainly used to prove a project needs funding and approval based on the key benefits it offers. The case presented to build a business should be brief, clear, and contain as many arguments as possible based on context evidence. Using this structure and bearing in mind the decision criteria, it is possible to gain a clear insight on where to allocate the resources and work on which projects will be more beneficial to the organization.
Comprehensive Business Case Training: From Theory to Practice
The training provides skills and knowledge to candidates about Business Case development theory and practicalities. In the process of completing practical activities and case analysis, participants learn how to determine business issues and create and evaluate the potential of solutions. Business Case Course in Cyprus focuses on assessing critical thinking, problem solving, and analytical skills. Candidates are made able to take Business Case examination by studying topics like business case structure, financial decision-making appraisal, risk estimation, and strategy consonance. They also undertake time management, learn how to approach and solve tests, and learn the best ways of communicating. These are skills that, if developed to the advanced level, will enable the candidates to manage the issues well and pass the exam while showcasing good arguments in business cases.
Corporate Group Training
- Customized Training
- Live Instructor-led
- Onsite/Online
- Flexible Dates
| Business Case Certification Exam Details | |
| Exam Name | Business Case Certification Exam |
| Exam Format | Multiple choice |
| Total Questions | 50 Questions |
| Passing Score | 70% |
| Exam Duration | 90 minutes |
Key Features of Business Case Training in Cyprus
Business Case Certification Training is a highly beneficial course as it prepares those seeking to obtain mastery of Business Case writing and evaluation. During training, participants are supposed to learn how to find business opportunities and analyze whether the given idea is worth its implementation or not, as well as prepare an appropriate case for it. Detailed information regarding Business Case Training in Cyprus includes financial analysis, risk assessment, relation with the overall organizational strategic plan, and communication. These skills ensure candidates approach business issues with precision, solve them, and effectively cause organizational success. As with the case of the training, one is trained in best ways and given right tools and knowledge in course of participant’s employment so as to take on the increasing competition of business and thus get promoted. Given that the staff, organizational, and functional needs of individuals differ dynamically, our training and development programs are developed to offer the current and best practice knowledge and experience together with real-world examples.
- 3 Day Interactive Instructor –led Online Classroom or Group Training in Cyprus
- Course study materials designed by subject matter experts
- Mock Tests to prepare in a best way
- Highly qualified, expert & accredited trainers with vast experience
- Enrich with Industry best practices and case studies and present trends
- Business Case Training Course adhered with International Standards
- End-to-end support via phone, mail, and chat
- Convenient Weekday/Weekend Business Case Training Course schedule in Cyprus
Business Case Certification Benefits
Higher Salary
With this renowned credential, aspirants earn higher salary packages when compared to non-certified professionals in the field
Individual accomplishments
Aspirants can look for higher career prospects at an early stage in their life with the most esteemed certification
Gain credibility
Owning the certification makes it easier to earn the trust and respect of professionals working in the same field
Rigorous study plan
The course content is prescribed as per the exam requirements, covering the necessary topics to ace the exam in the first attempt
Diverse job roles
Attaining the certification enhances the spirit of individuals to pursue diverse job roles in the organization
Sophisticated skillset
With this certification, individuals acquire refined skills and techniques required to play their part in an organization
Business Case Certification Course Curriculum
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Module 1: Introduction
Topics
- ·Why Better Business Cases?
- ·Case for a Business Case
- ·Project Success or Failure?
- ·Putting the Right Foot Forward
- ·Public Sector Delivery
- ·What is a Project?
- ·What is a Programme?
- ·Links to Recognised Best Practice Programmes and Project Management Methodologies
- ·Programme or Project?
- ·Types of Programme
- ·Alignment with Strategic Planning
- ·Importance of the Business Case using the Five Case Model
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Module 2: Five Case Model
Topics
- ·Overview of the Five Case Model
- ·Importance of the Business Case using the Five Case Model
- ·Strategic Case
- ·Demonstrates
- ·Challenges
- ·Contents of the Strategic Case
- ·Economic Case
- ·Demonstrates
- ·Challenges
- ·Contents of the Economic Case
- ·Commercial Case
- ·Demonstrates
- ·Challenges
- ·Contents of the Commercial Case
- ·Financial Case
- ·Demonstrates
- ·Challenges
- ·Contents of the Financial Case
- ·Management Case
- ·Demonstrates
- ·Challenges
- ·Contents of the Management Case
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Module 3: Programme and Project Business Case
Topics
- ·Advantages of the Programme Business Case
- ·Advantages of the Project Business Case
- ·When Should a Business Case be Developed?
- ·Planning for Spending Proposals
- ·Key Steps in Developing the Programme Business Case
- ·Project Business Case Development Process
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Module 4: Determining the Strategic Context and Undertaking the Strategic Assessment
Topics
- ·Overview
- ·Strategic Assessment
- ·Related Activities
- ·Stages of Business Case Development
- ·Strategic Outline Case
- ·Outline the Business Case
- ·Full Business Case
- ·Development of the Business Case
- ·Business Justification Case
- ·What is Programme Assurance?
- ·What is Project Assurance?
- ·Responsibility for Producing the Business Case
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Module 5: Making the Case for Change
Topics
- ·Agree on Strategic Context
- ·Determine Spending Objectives, Existing Arrangements, and Business Needs
- ·Generic Drivers for Spend
- ·Determine Potential Business Scope and Service Requirements
- ·Determine Benefits, Risks, Constraints, and Dependencies
- ·Each Spending Objective
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Module 6: Exploring the Preferred Way Forward
Topics
- ·Agree Critical Success Factors (CSFs)
- ·Determine Long List Options and SWOT Analysis
- ·Options Framework
- ·Using the Options Framework
- ·Drafting the Long List
- ·Recommended Preferred Way Forward
- ·Complete the Strategic Outline Case
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Module 7: Determining Value for Money (VFM)
Topics
- ·Project Level Business Case
- ·Revisit the Short-List
- ·Prepare the Economic Appraisals for Short-Listed Options
- ·Relevant Costs for Economic Appraisals
- ·Estimating Benefits for the Economic Appraisals
- ·Valuing Costs and Benefits
- ·Presenting the Economic Appraisals
- ·Undertake Benefits Appraisal
- ·Undertake Risk Appraisal
- ·Select the Preferred Option and Undertake a Sensitivity Analysis
- ·Sensitivity Analysis
- ·Final Selection of the Preferred Option
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Module 8: Preparing for the Potential Deal
Topics
- ·Determine Procurement Strategy
- ·Determine Service Streams and Required Outputs
- ·Outline Potential Risk Apportionment
- ·Outline Potential Payment Mechanisms
- ·Pre-Delivery Phase
- ·Operational Phase
- ·Extension Phase
- ·Ascertain Contractual Issues and Accountancy Treatment
-
Module 9: Ascertaining Affordability and Funding Requirement
Topics
- ·Prepare Financial Models and Financial Appraisals
- ·Financial Modelling
- ·Impacts to Consider
- ·Assessing Affordability
- ·Closing Affordability Gaps
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Module 10: Planning for Successful Delivery
Topics
- ·Plan Programme or Project Management
- ·Programme Roles
- ·Programme Plan
- ·Project Plan
- ·Use of Specialist Advisers
- ·Plan Change Management and Contract Management
- ·Plan Benefits Realisation
- ·Benefits Resister
- ·Plan Risk Management
- ·Risk Register
- ·Plan Programme/Project Assurance and Post Project Evaluation
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Module 11: Procuring the VFM Solution
Topics
- ·Revisit the Case for Change
- ·Revisit the OBC Options
- ·Detail Procurement Process and Evaluation of BAFOs
-
Module 12: Contracting for the Deal
Topics
- ·Set Out the Negotiated Deal and Contractual Arrangements
- ·Set Out the Financial Implications of the Deal
-
Module 13: Ensuring Successful Delivery
Topics
- ·Finalise Project Management Arrangements and Plans
- ·Finalise Change Management Arrangements and Plans
- ·Finalise Benefits Realisation Arrangements and Plans
- ·Finalise Risk Management Arrangements and Plans
- ·Finalise Contract Management Arrangements and Plans
- ·Finalise Post Project Evaluation Arrangements and Plans
- ·Review the Business Case: SOC, OBC, and FBC
- ·Steps and Actions for Preparation of Programme and Project Business Cases
Frequently Asked Questions
What is Business Case Training?
Business Case Training is designed to equip individuals with the skills and knowledge necessary to develop effective business cases. It covers topics such as financial analysis, risk assessment, strategic alignment, and effective communication.
Who should attend Business Case Training in Cyprus?
Business Case Training is beneficial for a wide range of professionals, including project managers, business analysts, consultants, and executives. Anyone who needs to develop strong business cases to justify investments and secure approvals should consider attending.
What are the key skills gained from Business Case Training?
Key skills gained from Business Case Training include critical thinking and problem-solving, financial analysis and modeling, risk assessment and mitigation, strategic thinking and planning, and effective communication and presentation skills.
How is Business Case Training conducted in Cyprus?
Business Case Training can be delivered in various formats, including in-person workshops and virtual classrooms. The training typically involves a combination of lectures, case studies, group discussions, and hands-on exercises.
What topics are covered in Business Case Training?
Topics covered in Business Case Training typically include:
- Business case fundamentals and structure
- Problem identification and solution development
- Financial analysis (e.g., NPV, IRR, payback period)
- Risk assessment and mitigation strategies
- Strategic alignment and business objectives
- Effective communication and presentation techniques
How long is Business Case Training?
The duration of Business Case Training is usually one day.
How can Business Case Training benefit my career in Cyprus?
Business Case Training can significantly enhance careers by equipping them with the skills to develop strong, persuasive business cases, make informed decisions, justify investments and secure approvals, and advance careers to leadership roles.
What is the format of Business Case Exam?
The format of Business Case Exam typically involves multiple-choice questions.
What topics are covered in Business Case Exam in Cyprus?
Business Case Exam typically covers a range of topics, including business case fundamentals and structure, financial analysis techniques, risk assessment and mitigation strategies, strategic alignment and business objectives, and effective communication and presentation skills.
How long is Business Case Exam?
The duration of Business Case Exam is usually 60 minutes.
What are the passing criteria for Business Case Exam?
The passing criteria for Business Case Exam may involve a certain percentage, which is 70% or more.
How can I prepare for Business Case Exam in Cyprus?
To prepare for Business Case Exam, consider reviewing exam syllabus and identify key topics, practicing with past exam questions or sample case studies, attending training program, studying relevant textbooks and reference materials, and joining study groups or online forums to discuss concepts and strategies.
Are there any specific tips for answering case study questions?
When answering case study questions, focus on carefully reading and understanding the case scenario, identifying the key issues and challenges, developing a clear and concise solution approach, supporting recommendations with data and analysis, and presenting findings in a clear and persuasive manner.
How can I improve my time management skills for Business Case Exam in Cyprus?
To improve time management skills, practice answering questions under timed conditions. Allocate specific time slots for each section of the exam and stick to the schedule.
What is Business Case Certification about?
Business Case Certification is a formal recognition awarded to individuals who demonstrate a comprehensive understanding of business case development and analysis. It validates an individual's ability to create compelling business cases that align with strategic goals, quantify benefits, and mitigate risks.
Why is Business Case Certification important in Cyprus?
Business Case Certification validates an individual's ability to develop strong, data-driven business cases, making them a valuable asset for organizations seeking to make informed decisions and optimize resource allocation.
What are steps to write Business Cases?
To write Business Case, Identify the problem or opportunity, develop potential solutions, conduct a financial analysis, assess risks and uncertainties, develop an implementation plan, and present the business case to decision-makers.
What are benefits of acquiring Business Case Certification in Cyprus?
The benefits of having Business Case Certification include enhanced credibility and professional recognition, improved career prospects and earning potential, increased ability to secure promotions and leadership roles, improved decision-making skills, and enhanced ability to justify investments and secure approvals.
Who should consider getting Business Case Certification?
Business Case Certification is beneficial for a wide range of professionals, including project managers, business analysts, consultants, and executives. Anyone who needs to develop strong business cases to justify investments and secure approvals should consider obtaining this certification.
How do I get Business Case Certification?
To get Business Case Certification, candidates typically need to complete a training program and pass a certification exam.
What are the specific requirements for obtaining Business Case Certification?
The specific requirements for obtaining Business Case Certification typically involve a combination of completing a training program, passing a certification exam, and meeting specific work experience requirements.
How long does Business Case Certification last?
The validity period of Business Case Certification acquired from Unichrone is for a lifetime.
Business Case Examination Procedure
PREPARE
Go through the intense 3-day Business Case Training offered by Unichrone. Fulfil all the requirements before the examination.
APPLY
Apply for the Business Case Exam. Choose the suitable date for the exam.
ACQUIRE
Get certified with Business Case after clearing the exam. You will receive an email confirming the status.
What our customers say
Kenneth Beard
Project Manager
Very engaging course with real world context and wonderful examples. Helped to expand my knowledge as a direct result of it.
Tom Eeartman
Head-Supplier Management
Super awesome faculty! The best part of the training was lots of real time case studies and interactive sessions. Learnt many new concepts.
Pavit Kenth
Technical Director MCI Ltd
Interesting, Focused, Real life case studies. The material was a comprehensive presentation of Lean principles and Six Sigma.
Saad Alsheddi
Head Of Operations
Really interesting, a lot of knowledge about processes, in many areas and departments, helped to understand the subjects easily.
Jernej Hercog
Manager-Engineering Services
I opted for Instructor led Online Session. The training was very well executed. It was awesome and exceeded my expectations.
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