The Business Case provides the Owner with the basis for establishing the Owner's VfM Statement for use by the alliance. The level of rigour in the Business Case has a direct impact on the potential for VfM to be optimised by the alliance.
A good Business Case is a threshold to achieving good public value. The better the Business Case, the greater the value dividend, and without it, value will be lost. It sets parameters for measuring success and will help avoid drift and capture.
[a state audit office]