108 Business Case Analysis Flashcards
State the purpose of a BCA
Continuous process from conception of an alternative or solution to implementation
the process must assure decisions are consistent, valid, defensible, and documented.
provides benefit cost analysis
Explain the purpose of the executive summary of a BCA
concise summary of key highlights
lets reader understand decision
Describe how strategic alignment is important in a BCA
Better aligned with Navy goals Graded: HIgh- critical to goal success Med- direct impact Low- indirect impact
Explain what analysis of alternatives does
explains all options looked at, including do nothing, and why they have been ruled out. detailed description of options that should be discussed.
DIscuss Risk Assessment in decision making of BCA
Provide reader with understanding of risks related to the initiative and how they vary the viable outcomes
Explain how cost benefit impacts a BCA
provides reader with evaluation of cost and benefits associated with each viable alternative
compares financial and non financial benefits
Explain the final stages of a BCA
Conclusion- gives reader recommendations of BCA
Implementation Strategy- includes major phases, dates of completion, costs, personnel, resources, etc.
Review and approval- states if approved and if not, why.