Which document outlines the commercial arrangements for a project?

The correct answer is the Outline Business Case. This document serves as a critical milestone in project development, providing a detailed exploration of the potential project, including the commercial arrangements that will govern it.

In the Outline Business Case, key aspects such as funding sources, stakeholder contributions, and the financial structuring of the project are articulated. This ensures that all parties involved have a clear understanding of the financial commitments and the economic rationale behind the project. It bridges the gap between strategic objectives and operational implementation, laying the groundwork for the detailed planning that follows.

The Full Business Case generally expands on the Outline Business Case, detailing the finalized plans, operational processes, and risk assessments but assumes that the commercial arrangements have already been outlined. The Strategic Outline Case focuses more on the strategic direction and justification for a project without delving deeply into the specifics of commercial arrangements. The Risk Management Plan, on the other hand, is dedicated to identifying potential risks and outlining mitigation strategies, rather than addressing the commercial aspects of a project.