What is one benefit of using a standard framework like BBC for business case development?

Using a standard framework like Better Business Cases (BBC) for business case development offers the significant benefit of providing a consistent and comprehensible approach. This consistency is crucial because it ensures that all stakeholders can understand, evaluate, and compare business cases in a standardized manner. A common framework aids in the clarity of communication, making it easier to articulate the rationale for a project, its benefits, and its associated risks.

Moreover, a consistent approach helps to streamline decision-making processes, as it reduces ambiguity and establishes common criteria for evaluating business cases across different projects. This enhances the credibility of the case presented and increases the likelihood of stakeholder buy-in and support.

In contrast, the other options do not accurately reflect the benefits of using the BBC framework. For example, while a standard framework may help in better presenting arguments for funding, it does not guarantee that a project will receive funding. It also does not eliminate project risks entirely, as all projects come with inherent uncertainties regardless of the framework used. Furthermore, the BBC framework encourages a broader perspective that includes not only financial benefits but also non-financial considerations, ensuring a holistic view of the business case.