A business case is a documented argument that captures quantifiable and unquantifiable characteristics of a proposed project to convince a decision maker to approve it. The purpose is to inform management of challenges needing attention, justify initiating a project or plan to align with business directions, and seek approval to design, develop and implement a sound project. A business case includes the purpose, objectives/benefits, scope, current state, facts, problem statement, issues, recommendations and action plans to help decision makers ensure the initiative has value and priority over alternatives, performance is monitored, and resources are used efficiently. When presenting, get to the point quickly, discuss market needs, think big picture, speak fluidly, and conclude within ten minutes.
Original Description:
Practical approach to building compelling business cases.
A business case is a documented argument that captures quantifiable and unquantifiable characteristics of a proposed project to convince a decision maker to approve it. The purpose is to inform management of challenges needing attention, justify initiating a project or plan to align with business directions, and seek approval to design, develop and implement a sound project. A business case includes the purpose, objectives/benefits, scope, current state, facts, problem statement, issues, recommendations and action plans to help decision makers ensure the initiative has value and priority over alternatives, performance is monitored, and resources are used efficiently. When presenting, get to the point quickly, discuss market needs, think big picture, speak fluidly, and conclude within ten minutes.
A business case is a documented argument that captures quantifiable and unquantifiable characteristics of a proposed project to convince a decision maker to approve it. The purpose is to inform management of challenges needing attention, justify initiating a project or plan to align with business directions, and seek approval to design, develop and implement a sound project. A business case includes the purpose, objectives/benefits, scope, current state, facts, problem statement, issues, recommendations and action plans to help decision makers ensure the initiative has value and priority over alternatives, performance is monitored, and resources are used efficiently. When presenting, get to the point quickly, discuss market needs, think big picture, speak fluidly, and conclude within ten minutes.
Jojo P. Javier MIM, MBA Whats In It For You Today Definition Purpose Components Presentation Pointers
What is a Business Case? A documented argument to convince a decision maker to approve a project or similar plan action. Company Logo Company Logo Captures quantifiable and unquantifiable characteristics of a proposed project and justified through gathered information Purpose
Inform top management of challenges that need immediate attention. Justify the need to initiate a project or a plan of action to align specific activities to the organizations business directions. Seek approval for the design, development and implementation of a sound project. Help Decision Makers Ensure That: Proposed initiative will have value & relative priority compared to alternative initiatives. Performance of initiatives is monitored objectively. Proponent or team has the capability to deliver the benefits. Projects with team or group inter- dependencies are synchronized. The organizations resource are working on the highest value opportunities available. Components of a Business Case Purpose Objectives / Benefits Scope or limitation Introduction Current state of the process Facts of the Case Problems that may arise from the facts Problem Statement Issues that may arise from the problem statement Issues Plan to meet the objectives established in the introduction Are there stop-gap solutions? Timeline and resources Recommendations and Action Plans Business Case Framework Actual Performance Potential Performance Gap Analysis Facts Problem Statement Issues Objectives / Benefits Action Plans and Recommendations
Reminder Do not attempt to solve the problem within the business case. Presenting the Business Case Get to the point in less than two minutes Talk about problems that are necessary to win in the market place Think big picture Fluidity is key Presentation should end in ten minutes THANK YOU!