How to make a business case for improving your resilience?

Decision makers have limited financial resources and often need to verify that there is a return on investment. A robust business case can give decision makers confidence that their investments in improved resilience will be worthwhile and defensible when compared to alternatives application of money.

Please find below the essentials for preparing a business case.

What is a business case?

The purpose of a business case is to outline the costs and benefits of certain initiatives. The costs of improving your resilience are straightforward to assess and can be obtained through quotations. However, estimating the benefits of improved resilience or reducing the risks from having the services can be more challenging.

What to count?

Generally, the most straightforward approach is to estimate the benefits of being able to recover more quickly from a disruption. It is considerably more difficult to estimate the potential cost of damaged reputation of not complying with an APRA regulation (eg CPS 232).

Estimating the likely benefit?

We have developed models that will enable you to quantify the most likely impact of a disruption to your business services. You can then compare this to the cost and capital involved in improving your resilience. This information will form the basis of your business case.