What analysis is included in the economic case of the OBC?

The economic case of the Outline Business Case (OBC) is fundamentally concerned with evaluating the financial implications and viability of a proposed project. Sensitivity analysis is an essential component of this economic assessment. It involves examining how the results of a project's costs and benefits would change in response to variations in key assumptions or uncertainties. This can include factors like market conditions, cost estimates, or revenue forecasts.

By conducting a sensitivity analysis, stakeholders can identify which assumptions are critical to the project’s success and understand potential risks better. It helps ensure that decision-makers are aware of the levels of uncertainty and can plan for various scenarios, thus providing a deeper insight into the project's financial robustness. This analysis aids in making informed decisions about proceeding with or modifying the project based on its predicted economic performance under different conditions.

The other analyses mentioned, such as cost, SWOT, or stakeholder analysis, serve different purposes. Cost analysis evaluates the overall expenses related to the project but does not necessarily address the risks related to those costs. SWOT analysis focuses on strengths, weaknesses, opportunities, and threats associated with a project, providing a broad strategic perspective rather than a financial one. Stakeholder analysis centers on identifying and understanding the interests and influences of various stakeholders in relation to the project. While all these