Business Case Flashcards
What are the 5 things a business case should include?
- description of ‘as-is’ situation
- outline of the options (usually minimum of 3)
- cost / benefit analysis
- assessment of the risks for each action
- summary of decisions / steps involved in taking those decisions forward
What are the 3 aspects of feasibility?
Financial
Business
Technical
Name 6 considerations of Business feasibility
Timeliness (there is usually a ‘window of opportunity’)
Organisational ‘fit’
Process compatibility with other processes
Within staff competencies
Legality / Regulators
Cultural ‘fit’
Name 6 considerations of Technological feasibility
Alignment (with any existing organisation strategy or architecture)
Compatibility (with any current systems)
Reliability
Availability (delays acquiring solution)
Maintainability (how easy to maintain or enhance?)
Performance (speed of response / security access etc)
Name 5 considerations of Financial feasibility
Within budget (have funds been pre-determined?)
Funds available or can be borrowed
Acceptable return on investment
Acceptable cash-flow (would the organisation require loan / overdraft for weeks, months or years before payback?)
Fast enough payback (the period of time over which a project ‘pays for itself’)
What are the 3 mandatory options to propose in a business case?
Do nothing
Do something
Do everything
What are the 4 elements of a cost / benefit analysis?
Tangible
Intangible
Immediate
Long-term
