Developing a Business Case Flashcards
What is the rationale for a business case ?
Provides justification for undertaking a project
What is the introduction in the business case ?
Introduction sets the scene and explains why the business case is being presented.
What is the management summary in the business case ?
distils the whole business case into a few paragraph, the paragraphs should contain:
What the study was about and what was found and the issues under consideration
A survey of the options considered, with their principal advantages and disadvantages
A clear statement of the recommendation being made and the decision required
What is the description of the current state in the business case ?
The current situation explained and the problems and opportunities identified
What is the options considered in the business case ?
Options are presented and the reasons why some have been rejected are set out
What is the analysis of costs and benefits in the business case ?
Cost benefit analysis sums the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action
Does cost tend to be tangible or intangible ?
Tangible
What are the categories of cost and benefit
Tangible and Immediate/long term
Intangible and immediate/Long term
Provide examples of tangible costs
Project staff costs
Business staff costs
Equipment
Infrastructure
Packaged software
Relocation
Staff training and retraining
Ongoing costs
Provide examples of intangible costs
Disruption and loss of productivity
Recruitment
Provide examples of tangible benefits
Staff savings
Reduced effort and improved speed of working
Faster responses to customers
Reduced accommodation costs
Reduced inventory
Provide examples of Intangible benefits
Increased job satisfaction
Improved customer satisfaction
Improved management information
Greater organisational flexibility
More creative problem-solving time
Improved presentation or better market image
Better communications
What is an impact assessment
Impact assessment for each option that the organisation needs to explore
What are the type of impacts may be assessed ?
Organisational structure
Interdepartmental relations
Work practices
Management style
Recruitment policy
Appraisal and promotion criteria
Supplier relations
What is a risk assessment
Assesses the potential risks
