Making a Business and Financial case - Module 9 Flashcards
The initial business case is made before:
Major resources are committed
When is the business case updated/revised
At Decision gates
Why is a feasibility study conducted ?
To overview requirements and evaluate any relevant option in terms of their costs, benefits, risks and impacts
The work of the feasibility study forms ____ _____ case
Initial business
True or false: The business case is revisited once the solution has been designed
True
What are the areas of the feasibility assessment ?
Financial, Business and Technical
What are the categories of cost and benefits
Intangible and Tangible benefits
Intangible and Tangible costs
What is Force field analysis
Force field analysis is used to consider forces within and outside the organisation that either support or oppose the solution
What’s the most important thing regarding Force field analysis
Positive forces should outweigh negative ones
What is impact analysis
The consideration of the impact a proposed change will have on a business system including on the people working within it
What impacts may have a cost attached to them
Changes to the organisational structure
Changes to relationships between department
Changing to working practices (Process and system changes)
Management styles
Changes to the recruitment approach
Changes to recruitment approach
Appraisal and Promotion criteria
Suppliers relations
What is a Risk assessment
Cause of the risk and Its Impact
What are the main investment techniques
IRR
Paypack
NPV
What is IRR
Calculation assessing ROI from a project
The IRR can be used to ______ projects
Compare
