Reduce Time to Consensus With an Accelerated Business Case
Expand on the financial model to give your initiative momentum.
- Enterprise application initiatives are complex, expensive, and require a significant amount of planning before initiation.
- A financial business case is sometimes used to justify these initiatives.
- Once the business case (and benefits therein) are approved, the case is forgotten, eliminating a critical check and balance of benefit realization.
Our Advice
Critical Insight
1. Frame the conversation.
Understand the audience and forum for the business case to best frame the conversation.
2. Time-box the process of building the case.
More time should be spent on performing the action rather than building the case.
3. The business case is a living document.
The business case creates the basis for review of the realization of the proposed business benefits once the procurement is complete.
Impact and Result
- Understand the drivers for decision making in your organization, and the way initiatives are evaluated.
- Compile a compelling business case that provides decision makers with sufficient information to make decisions confidently.
- Evaluate proposed enterprise application initiatives “apples-to-apples” using a standardized and repeatable methodology.
- Provide a mechanism for tracking initiative performance during and after implementation.
About Info-Tech
Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.
We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
What Is a Blueprint?
A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.
Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.
Need Extra Help?
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Get the help you need in this 3-phase advisory process. You'll receive 11 touchpoints with our researchers, all included in your membership.
Guided Implementation 1: Gather the required information
- Call 1: Scope the decision making process and proposed initiative.
- Call 2: Identify the main stakeholders, their role, and context.
- Call 3: Determine what information to collect and the sources to find it.
Guided Implementation 2: Conduct the business case analysis
- Call 1: Ideate and choose the alternatives to analyze.
- Call 2: Identify tangible and intangible benefits.
- Call 3: Identify one-time and ongoing costs.
- Call 4: Create a financial business model.
- Call 5: Build performance measures into the case.
Guided Implementation 3: Make the case
- Call 1: Choose the recommendation.
- Call 2: Compile detailed and summary presentations.
- Call 3: Close out and monitor the business case.
Contributors
- Dean Potash, Senior Director, Enterprise Infrastructure, PotashCorp
- Maha Nassir, Business Systems Analyst, Schulich School of Medicine and Dentistry
- Scott Wagner, Director, Global Infrastructure & Security, SAF-HOLLAND
- 6 anonymous contributors
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Reduce Time to Consensus With an Accelerated Business Case
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