Business Case Development

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LOGO Business Case Development Jojo P. Javier MIM, MBA

description

Practical approach to building compelling business cases.

Transcript of Business Case Development

  • LOGO

    Business Case Development

    Jojo P. Javier MIM, MBA

  • Whats In It For You Today

    Definition

    Purpose

    Components

    Presentation

    Pointers

  • What is a Business Case?

    A documented argument to convince a decision maker to

    approve a project or similar plan action.

  • Company Logo

  • Company Logo

    Captures quantifiable and unquantifiable characteristics

    of a proposed project and justified through gathered

    information

  • Purpose

    Inform top management of challenges that need immediate

    attention.

    Justify the need to initiate a project or a plan of action to

    align specific activities to the organizations

    business directions.

    Seek approval for the design,

    development and implementation of a sound project.

  • Help Decision Makers Ensure That:

    Proposed initiative will have value & relative priority compared to alternative initiatives.

    Performance of initiatives is monitored objectively.

    Proponent or team has the capability to deliver the benefits.

    Projects with team or group inter-dependencies are synchronized.

    The organizations resource are working on the highest value opportunities available.

  • Components of a Business Case

    Purpose

    Objectives / Benefits

    Scope or limitation Introduction

    Current state of the process Facts of the Case

    Problems that may arise from the facts Problem Statement

    Issues that may arise from the problem statement Issues

    Plan to meet the objectives established in the introduction

    Are there stop-gap solutions?

    Timeline and resources

    Recommendations and Action Plans

  • Business Case Framework

    Actual Performance

    Potential Performance

    Gap Analysis

    Facts Problem Statement

    Issues

    Objectives / Benefits Action Plans and

    Recommendations

  • Reminder

    Do not attempt to solve the problem within the

    business case.

  • Presenting the Business Case

    Get to the point in less

    than two minutes

    Talk about problems that are

    necessary to win in the

    market place

    Think big picture

    Fluidity is key

    Presentation should end

    in ten minutes

  • THANK YOU!