What is the main goal of the Full Business Case (FBC)?

The main goal of the Full Business Case (FBC) is to set out negotiated commercial arrangements and ensure affordability. This is crucial as the FBC serves as a comprehensive document that articulates not only the financial viability of a project but also outlines the agreements that have been reached with partners or stakeholders. It ensures that the project can be delivered within available resources while meeting the required financial and commercial terms.

By focusing on negotiated arrangements, the FBC helps to establish a clear understanding of how the project will be funded, the expected returns on investment, and the overall financial strategy. This aspect is vital for decision-makers who rely on the FBC to assess whether the project is sustainable and affordable in the long-term context.

While outlining project risks, providing funding requirements, and analyzing social impacts are important elements of business cases, they do not represent the primary objective of the Full Business Case itself. The emphasis on commercial arrangements and affordability is essential in securing commitment from financial stakeholders and ensuring the project's success.