In business case development, what is Stage 2 primarily concerned with?

Stage 2 of business case development revolves around planning the scheme and preparing the Outline Business Case (OBC). This stage is critical as it involves developing a more detailed understanding of what the proposed solution entails and how it will be implemented.

During this phase, project developers analyze options, assess risks, and refine the scope of the project based on the information gathered in Stage 1, where the strategic context is established. The focus is on creating a robust plan that outlines the project's objectives, timelines, costs, and resource requirements. This preparation sets the groundwork for the detailed business case, guiding stakeholders on how to proceed with the initiative and ensuring that all necessary elements are considered before moving forward.

This stage is essential to ensure that decision-makers have a clear and comprehensive view of the initiative, which aids in gaining the necessary approvals and securing funding later in the process. By preparing the OBC, the project team lays a solid foundation for successful project initiation and management in subsequent stages.