108; Business Case Analysis
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State the purpose of a Business Case Analysis (BCA)
strctured methodology to facilitate its decision-making process. A continuous process from comception of an alternative or solution to implementation.
Explain the purpose of the executive summary of a BCA.
To provide a consise summary of the key highlights of the business case
Describe how strategic alignment is important in a BCA.
It identifies the level of impact the initiative has on achieving its goals.
Explain what analysis of alternatives does.
Provides the reader with an outline of the realm of possibilities that re available to address the problem or opportunity.
Discuss risk assessment in decision making of a BCA
provides the reader with an understanding of the risks related to the initiative and how risks vary by viable alternative.
Explain how cost benefit impacts a BCA.
Insures the reader can easily undersand and compare the initial and on-going expenditures to the expected financial and non-financial benefits
Explain the final stages of a BCA:
A: Conclusions and recommendations
B: Implementation Strategy
C: Review and approval
- A: Con & Rec// to provide the reader with a selected alternative base on an overall evaluation of the alternatives in terms of impact, risk and cost/benefit.
- B: Impl Strategy// To ensure that those approving the business case understand the resources they must allocate to complete the recommended ext steps of the initative.
- C: Rev & app// Clearly presents the reader with whom and how the business case has been resolved and approved.
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