What is the main purpose of an Outline Business Case (OBC)?

The main purpose of an Outline Business Case (OBC) is indeed to prepare for procurement and funding arrangements. It serves as a foundational document that outlines the justification for a project and provides a framework for decision-making regarding potential investments.

The OBC typically provides a high-level overview of the project, including strategic alignment, investment rationale, options considered, and the anticipated costs. This document is crucial for facilitating discussions with stakeholders and securing the necessary approvals and funding to proceed to the next stage of project development. It ensures that all parties involved understand the goals of the project and the resources required, ultimately guiding the procurement process and laying the groundwork for funding arrangements.

While assessing past project success, identifying the best investment return, and conducting risk assessments are important aspects of project management and strategic planning, they are not the primary focus of the Outline Business Case. Instead, the OBC specifically addresses how the project aligns with organizational objectives and prepares for securing the necessary commitments and financing.