What kind of options are included in the economic case of the SOC?

The economic case of the Statement of Case (SOC) includes long listed options because this is the stage where multiple potential solutions or approaches are identified and documented for consideration. These options are evaluated based on their economic viability and alignment with project objectives. Long listed options serve as a foundational step in analyzing different ways to achieve the intended benefits, ensuring a comprehensive examination of possibilities before narrowing down to the most feasible solutions. This process helps in making informed decisions that maximize value and promote effective resource allocation.

In the context of a business case, operating expenses would not be classified as options themselves, rather they are costs that may be considered when evaluating the financial implications of each option. Strategic initiatives refer to broader goals or actions that an organization may undertake, and while related to the overall context, they do not specifically define the options in the economic case. The preferred way forward is the final decision or recommendation based on evaluations of the long listed options, representing the selected option rather than the options themselves.