Business Case - Revision history

User at 09:32, 17 January 2023

2023-01-17T09:32:53Z

User at 03:42, 11 November 2022

2022-11-11T03:42:29Z

User at 03:36, 11 November 2022

2022-11-11T03:36:00Z

User at 15:02, 1 November 2022

2022-11-01T15:02:46Z

User: Undo revision 9310 by User (talk)

2021-07-23T01:08:23Z

Undo revision 9310 by User (talk)

User: /* See Also */

2021-07-08T19:59:38Z

User at 13:46, 11 June 2021

2021-06-11T13:46:41Z

User: The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

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User at 15:28, 11 April 2020

2020-04-11T15:28:01Z

User: A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need

2018-12-05T21:16:42Z

A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need

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-A [[business]] case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need. Organisations should make use of a business case to:
+A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need. Organisations should make use of a business case to:
 *Demonstrate the business need for a given action;
 *Confirm that a project is feasible before expending significant funding;
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 '''Developing a Business Case<ref>5 Steps to developing a solid business case [https://www.chasegroup.com.au/five-steps-to-develop-a-solid-business-case Chase Consulting Group]</ref>'''<br />
-The [[process]] of developing the business case is important; a well-executed process enables you to develop a solid business case that increases the benefits and [[value]] and reduces the risks. This also leads to a much greater likelihood of securing support to proceed with the investment.
+The process of developing the business case is important; a well-executed process enables you to develop a solid business case that increases the benefits and value and reduces the risks. This also leads to a much greater likelihood of securing support to proceed with the investment.
 Here are the five key steps for creating the business case.
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 Step 3: Evaluate the options: Evaluate how the alternatives will deliver on the business objectives, then select the preferred option, taking into account the strategic and financial value created and the risks.
-Step 4: Implementation [[strategy]]: Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks.
+Step 4: Implementation strategy: Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks.
-Step 5: Recommendation: Confirm the recommended option. Create the business case documents and present the business case recommendation to the board and [[management]] team for approval to proceed.
+Step 5: Recommendation: Confirm the recommended option. Create the business case documents and present the business case recommendation to the board and management team for approval to proceed.
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 == See Also ==
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
 *[[IT Investment (Information Technology Investment)]]
 *[[IT Investment Management (ITIM)]]

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 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
 *[[IT Investment (Information Technology Investment)]]
 *[[IT Investment Management (ITIM)]]
 </div>

@@ Line 16: / Line 16: @@
-Step 1: Confirm the opportunity: Describe the situation and the business opportunity that your proposal will [[impact]]. This will include the background to project, the investment logic and the high-level business requirements.
+Step 1: Confirm the opportunity: Describe the situation and the business opportunity that your proposal will impact. This will include the background of the project, the investment logic, and the high-level business requirements.
-Step 2: Analyse and develop shortlisted options: Identify the alternative approaches and select three or four options to analyse. Gather information about each alternative, analyse the options and develop the shortlisted options.
+Step 2: Analyse and develop shortlisted options: Identify the alternative approaches and select three or four options to analyze. Gather information about each alternative, analyze the options and develop the shortlisted options.
 Step 3: Evaluate the options: Evaluate how the alternatives will deliver on the business objectives, then select the preferred option, taking into account the strategic and financial value created and the risks.
-Step 4: Implementation [[strategy]]: Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each [[milestone]], and how to mitigate the project risks.
+Step 4: Implementation [[strategy]]: Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks.
 Step 5: Recommendation: Confirm the recommended option. Create the business case documents and present the business case recommendation to the board and [[management]] team for approval to proceed.
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 *[[Investment Management Lifecycle]]
 *[[IT Investment Management (ITIM)]]
 </div>

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 == See Also ==
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
-[[IT Investment (Information Technology Investment)]]<br />
+*[[IT Investment (Information Technology Investment)]]
-[[Investment Management Lifecycle]]<br />
+*[[Investment Management Lifecycle]]
-[[IT Investment Management (ITIM)]]<br />
+*[[IT Investment Management (ITIM)]]
-[[IT Investment Management Framework (ITIM)]]<br />
+*[[IT Investment Management Framework (ITIM)]]
 </div>

@@ Line 30: / Line 30: @@
 == See Also ==
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
-*[[IT Investment (Information Technology Investment)]]
+[[IT Investment (Information Technology Investment)]]<br />
-*[[Investment Management Lifecycle]]
+[[Investment Management Lifecycle]]<br />
-*[[IT Investment Management (ITIM)]]
+[[IT Investment Management (ITIM)]]<br />
-*[[IT Investment Management Framework (ITIM)]]
+[[IT Investment Management Framework (ITIM)]]<br />
 </div>

@@ Line 25: / Line 25: @@
 Step 5: Recommendation: Confirm the recommended option. Create the business case documents and present the business case recommendation to the board and [[management]] team for approval to proceed.
 ===References===
 <references/>

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 *Consider the strategic internal and external drivers for the project; and
 *Assess, compare and contrast the costs and benefits (both monetary and non-monetary) of choosing one course of action over another.<ref>Business Case Definition [http://http://www.ansecia.com/Business-Case-Definition-6377.html/ ANSEC IA]</ref>
 ===References===
 <references/>

← Older revision		Revision as of 21:16, 5 December 2018
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−	~~'''Content Coming Soon'''~~	+	A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need. Organisations should make use of a business case to:
		+	*Demonstrate the business need for a given action;
		+	*Confirm that a project is feasible before expending significant funding;
		+	*Consider the strategic internal and external drivers for the project; and
		+	*Assess, compare and contrast the costs and benefits (both monetary and non-monetary) of choosing one course of action over another.<ref>Business Case Definition [http://http://www.ansecia.com/Business-Case-Definition-6377.html/ ANSEC IA]</ref>
		+
		+
		+	===References===
		+	<references/>