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Making a Business Case (Elements of Business Case (Introduction,…
Making a Business Case
Aspects of Feasibility
Business
Timeliness
Cultural fit
Legality & regulation
Technical
Availability
Security
Technical skills
Financial
Within budget
Payback period
Return on investment
Elements of Business Case
Introduction
Management Summary
Background
Options
Benefits
Costs
Impacts
Risks
Investment Appraisal
Conclusion and Recommendations
Identify, Evaluate and Select Options
Identify possible options
Including 'Do nothing' and 'Do a lot'
Shortlist options
Should be whittled down to 3 or 4 realistic possibilities
Evaluate shortlist
Evaluated against the feasibility criteria and the preferred option identified
Take forward to business case
Preferred options should be taken into the Business Case
Type of Risk
Project risk
Things that might delay or adversely affect the IT project itself
Business risk
Knock-on effects on the business
Risk Assessment
Description
Impact assessment
Scale of the impact
Probability
Avoidance actions
Mitigating actions
Ownership