Fund Innovation with a Minimum Viable Business Case
Full business cases are for scaling, not for starting.
- In order to truly be viewed as a strategic leader in the eyes of the business units, the CIO must be prepared to spot opportunities for organizational growth and build the case to actually make it happen.
- The business case is still the primary vehicle to gain the necessary support and resources from the business to execute on IT projects.
Our Advice
Critical Insight
- Even if you think you are certain of a project’s benefits, or the desired/necessary functionality, you are probably wrong (in fact, there’s a 70% chance that you are wrong).
- Take the minimum viable approach to start ALL projects to improve your speed to market, speed to scale, and speed to benefit.
Impact and Result
- The CIO needs a structured approach to build the case for projects that not only helps the project get funding, but realize benefits as well.
- Our approach guides you through effectively designing a solution, de-risking a project through impact reduction techniques, building and pitching the case for your project, and applying the business case as a mechanism to ensure that benefits are realized.
Workshop: Fund Innovation with a Minimum Viable Business Case
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Solve Someone’s Problem
The Purpose
- Introduce the methodology.
- Design a solution to a problem.
Key Benefits Achieved
- Value proposition design techniques learned.
Activities
Outputs
Introduce MVBC methodology.
Discuss business problems.
Canvass for a problem.
Design a solution.
- Value Proposition Canvas
Module 2: Determine Benefits and Impact
The Purpose
- Define the benefits of the solution.
- Generate a paper prototype of the solution.
Key Benefits Achieved
- Understand what value your solution will bring.
- Understand the user experience that someone using your solution will have.
Activities
Outputs
Define the benefits.
Craft a value proposition.
- MVBC Document
Discuss impact reduction techniques.
Introduce prototyping.
- Prototyping Workbook
Map the user journey.
Module 3: Plan the Project
The Purpose
- Develop a roadmap for the project.
- Analyze the stakeholder environment and engage with them.
Key Benefits Achieved
- Project roadmap defined.
- Stakeholders engaged.
Activities
Outputs
Establish project stage gates.
Discuss risks and mitigation.
- MVBC Document
Perform stakeholder power mapping.
- Stakeholder Power Map
Co-create the vision.
Module 4: Prepare the Pitch
The Purpose
- Finish the MVBC document.
- Practice the presentation.
Key Benefits Achieved
- Project approval.
Activities
Outputs
Finish the MVBC Document.
- MVBC Document
Practice the pitch.
Discuss next steps and scale the approach.
About Info-Tech
Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.
We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
What Is a Blueprint?
A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.
Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.
Need Extra Help?
Speak With An Analyst
Get the help you need in this 4-phase advisory process. You'll receive 4 touchpoints with our researchers, all included in your membership.
Guided Implementation 1: Create a solution to someone’s problem
- Call 1: Solve someone’s problem.
Guided Implementation 2: Reduce the impact of your project
- Call 1: Outline the project.
Guided Implementation 3: Build the case and secure approval
- Call 1: Review the MVBC and prepare the pitch.
Guided Implementation 4: Implement, measure, and scale
- Call 1: Assemble the team and track benefits.
Contributors
- Elsawy Yehia, Senior Manager, Digital Experience Architecture, RBC
- Adam Faircloth, Director of Technology Innovation, USO
- Shane Saunderson, Co-Head of IC/things, Idea Couture Inc.
- Hamoon Ekhtiari, Director, Strategy & PMO, Office of the Executive Vice President, TELUS
- Paul Hobcraft, Innovation Management Leader, The Leadership Network
- Cecil Newton, Director of Technology Services, SFHP
- Djamel Djemaoun Hamidson, Senior Enterprise Architect, CBC/Radio-Canada
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