Reduce Time to Consensus With an Accelerated Business Case
Expand on the financial model to give your initiative momentum.
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.Diving into a large enterprise application investment without preparing a sound business case can result in:
- Cost overruns.
- Failure to meet project deadlines.
- Unanticipated delays.
- System underutilization.
- Unrealized benefits.
- Negative Return on Investment.
Building a comprehensive business case that justifies an investment financially and strategically will ensure:
- Consensus across the organization.
- Buy-in from key stakeholders.
- Provision of necessary resources.
- Accountability throughout execution.
- Performance traceability.
- Realistic ramp-up for benefits realization.
- Positive Return on Investment.
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Module 1: Plan for Business Case Development
The Purpose
- Complete the necessary preceding tasks to building a strong business case.
Key Benefits Achieved
- Alignment with business objectives.
- Stakeholder buy-in.
| Activities: | Outputs: | |
|---|---|---|
| 1.1 | Map the decision flow in your organization. |
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| 1.2 | Define the proposed initiative. |
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| 1.3 | Define the problem/opportunity statement. |
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| 1.4 | Clarify goals and objectives expected from the initiative. |
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Module 2: Build the Business Case Model
The Purpose
- Put together the key elements of the business case including alternatives, benefits, and costs.
Key Benefits Achieved
- Rationalize the business case.
| Activities: | Outputs: | |
|---|---|---|
| 2.1 | Design viable alternatives. |
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| 2.2 | Identify the tangible and intangible benefits. |
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| 2.3 | Assess current and future costs. |
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| 2.4 | Create the financial business case model. |
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Module 3: Enhance the Business Case
The Purpose
- Determine more integral factors in the business case such as ramp-up time for benefits realization as well as risk assessment.
Key Benefits Achieved
- Complete a comprehensive case.
| Activities: | Outputs: | |
|---|---|---|
| 3.1 | Determine ramp-up times for costs and benefits. |
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| 3.2 | Identify performance measures and tracking. |
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| 3.3 | Assess initiative risk. |
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Module 4: Prepare the Business Case
The Purpose
- Finalize the recommendation and formulate the business case summary and presentation.
Key Benefits Achieved
- Prepare the business case presentation.
| Activities: | Outputs: | |
|---|---|---|
| 4.1 | Choose the alternative to be recommended. |
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| 4.2 | Create the detailed and summary business case presentations. |
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| 4.3 | Present and incorporate feedback. |
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| 4.4 | Monitor and close out. |
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