Justify Project: Introduction
This section gives you advice on how to prepare a business case in order to justify your project to senior management and secure the financial and other resources required.
When building the business case you should seek to highlight the value of the project to your organisation. You should consider all of the following potential benefits and quantify them as far as possible:
- Cost – measured in terms of simple payback, return on capital, NPV, IRR or appropriate financial measurement used by your company.
- Positive impact on operations or internal environment.
- Contribution to meeting any regulatory requirements you face. The project may assist you to meet your Climate Change Agreement, meet your EU Emissions Trading Scheme obligations or pay the Climate Change Levy.
- Contribution to improved environmental performance. The project may assist you to meet corporate targets, e.g. Environmental Policy Statement, Annual Environmental Report, CSR Agenda etc.
- Opportunity for internal and external communication benefits – potential for positive impacts on staff morale, supporting internal training initiatives and PR.
- Contribution to Public Sector programmes – e.g. National procurement strategy, Achieving Best Value, meeting Government Commitments on Sustainability etc.
For more information on building your business case and tools and templates to help you go to Justify Project/Business Case.
Your project may be eligible for financial support – see Justify Project/Financial Support.
Next: Business Case
Back to: Lighting Implementation Guide home
|