Business Case

Business Case

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  BABOK® v3 Demystified WebinarSeries Chapter: Chennai IIBA® Chapter Date & Time: 28-July-16 | 6:30 to 7:30 PM IST Topic: Business Case Presenter: Venkadesh Narayanan BSME, MBA, CBAP®, PMI-PBA®, CPRE-FL, CBPP®, CSCP
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  2 Insert Footer Business Case •A business case provides a justification for a course of action based on the benefits to be realized by using the proposed solution, as compared to the cost, effort, and other considerations to acquire and live with that solution. Cost Effort Risk
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  3 Insert Footer Business Case •A business case captures the rationale for undertaking a change. A business case is frequently presented in a formal document, but may also be presented through informal methods. • The amount of time and resources spent on the business case should be proportional to the size and importance of its potential value. • The business case provides sufficient detail to inform and request approval without providing specific intricacies about the method and/or approach to the implementation. • It may also be the catalyst for one or many initiatives in order to implement the change.
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  4 Insert Footer Business Casevs Business Plan Business Case Business Plan www.fhyzics.com
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  5 Insert Footer Elements Need Assessment DesiredOutcomes Assess Alternatives Recommended Solution
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  6 Insert Footer Elements: NeedAssessment The need is the driver for the business case. It is the relevant business goal or objective that must be met. Objectives are linked to a strategy or the strategies of the enterprise. The need assessment identifies the problem or the potential opportunity. Throughout the development of the business case, different alternatives to solve the problem or take advantage of the opportunity will be assessed. Need BC Obj.
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  7 Insert Footer Elements: DesiredOutcomes The desired outcomes describe the state which should result if the need is fulfilled. They should include measurable outcomes that can be utilized to determine the success of the business case or the solution. Desired outcomes should be revisited at defined milestones and at the completion of the initiative (or initiatives) to fulfill the business case. They should also be independent of the recommended solution. As solution options are assessed, their ability to achieve the desired outcomes will help determine the recommended solution.
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  8 Insert Footer Desired Outcomevs Recommended Solution Desired Outcome Recommended Solution Status Comfort Mobility • Pride • Society • Environment • Safety • A to B • Reliability
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  9 Insert Footer Elements: AssessAlternatives The business case identifies and assesses various alternative solutions. Alternatives may include (but are not limited to) different technologies, processes, or business models. Alternatives may also include different ways of acquiring these and different timing options. They will be affected by constraints such as budget, timing, and regulatory. The ‘do-nothing’ alternative should be assessed and considered for the recommended solution.
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  10 Insert Footer Technical Specification Document Solution TS1TS…n R1 R2 R…n Selected Solution Requirements Specification Document RSD vs TSD
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  11 Insert Footer Elements: AssessAlternatives Scope Feasibility Assumptions, Risks and Constraints Financial Analysis and Value Assessment
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  12 Insert Footer Elements: RecommendedSolution The recommended solution describes the most desirable way to solve the problem or leverage the opportunity. The solution is described in sufficient detail for decision makers to understand the solution and determine if the recommendation will be implemented. The recommended solution may also include some estimates of cost and duration to implement the solution. Measurable benefits/outcomes will be identified to allow stakeholders to assess the performance and success of the solution after implementation and during operation.
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  13 Insert Footer Recommended Solution DecisionMaking Investing on the Solution Implementing the Solution Advising the Solution
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  14 Insert Footer Strengths • Providesan amalgamation of the complex facts, issues, and analysis required to make decisions regarding change. • Provides a detailed financial analysis of cost and benefits. • Provides guidance for ongoing decision making throughout the initiative.
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  15 Insert Footer Limitations • Maybe subject to the biases of authors. • Frequently not updated once funding for the initiative is secured. • Contains assumptions regarding costs and benefits that may prove invalid upon further investigation.
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  16 Insert Footer About Fhyzics Fhyzics,a leader in Business Analysis Services and Training, is an Endorsed Education Provider [EEPTM] of International Institute of Business Analysis [IIBA®], Canada. www.fhyzics.com For more details about our course, please speak to Bharathi at +91-900-305-9000
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  17 Insert Footer Next Webinar:Business Model Canvas 25-August-2016 [Thursday]
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  18 Insert Footer
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  19 Insert Footer Thank You WebinarPlatform Compliments from Fhyzics Business Consultants Private Limited Presented By Mr. Venkadesh Narayanan, BSME, MBA, CBAP®, PMI-PBA®, CPRE-FL, CBPP® , CSCP Principal Consultant Former Indian Civil Servant [IRAS 2000 Batch]