Business Case Flashcards
1
Q
Describe the business case life cycle
A
- Feasability Study
- Requirements Analysis and Spec (Initial Business Case)
- Solution Design (Detailed Requirements gathered)
- Solution Development (Development Costs estimated)
- System Operation
Decision Gates until System Operation followed by Benefit Realisation Check
2
Q
Describe the Structure of the business case
A
- Introduction
- Management Summary
- Description of the As-Is
- Options reviewed
- Cost Benefit Analysis
- Impact Assessment
- Recommendations
3
Q
How do you assess the project’s feasability
A
- Business
- Technical
- Financial
4
Q
What should a risk assessment include at least?
A
- Risk Description
- Impact Assessment
- Probability
- Countermeasures
- Ownership
5
Q
Name the relevant key features of a business case in an agile environment
A
- Time - time horizons shorter, Results appear sooner
- Cost - Budgets smaller, less upfront committment to large expenditures
- Risk - Incremental approach reduces overall risk, prototyping solutions at each incremental level reduces risk
- Benefits - Earlier partial ROI, Later phases funded from earlier stages
