The Business Case is the Driving Force of the Project David Keen • Treasury board of Canada – Business Case Guide (free download pdf). Essential is if it has to be done to maintain key business operations such as providing an admission service. It is important to note that where an enhancement to. The Concise, Complete Introduction to Business Case Analysis. Business Case Essentials was written in response to requests from consulting clients and.
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A Solution Matrix Ltd. white paper. Business Case Essentials: A Guide to Structure and Content. Marty J. Schmidt, MBA, PhD. Revised April Business Case Essentials, the most frequently cited business case authority in print download the ebook Business Case Essentials PDF ebook, pages US $ Business Case Essentials. 5th Edition ISBN by Marty Schmidt Published by Solution Matrix Ltd PDF ebook, pages.
The business case should also include any limitations since these present potential risk to the project. Option Identification and Selection Identify the potential solutions to the problem and describe them in enough detail for the reader to understand. For instance, if the business case and proposed solution makes use of technology, make sure to explain how the technology is used and define the terms used in a glossary. Since most problems have multiple solutions an option appraisal is often needed. This will explore the potential solutions and recommend the best option.
Request For Funding Include current and future funding requirements, how that funding will be used and long range strategies that impact funding request.
Any factors which directly impact your ability to repay your loan should be included, such as acquisitions, sale of the business in future or a downloadout.
Financials Both past financial data as well as prospective financial data will be required by potential lenders. Include the following financial statements for the past three to five years; cash flow statements, balance sheets and income statements. The same statements should be prepared with forecasted data for the next five years.
Appendix A separate section which should not be included in the main body of the business plan is the Appendix. Proprietary and confidential information may be part of the appendix and as such should not be easily accessed by all individuals requesting your business plan.
Creditors may need access to this information, therefore it should be available on an as-needed basis. Documents which may be included in the appendix include market study details, reference letters, personal and business credit history, patents, permits, contracts and contact information for consultants.
As you can see, writing a business plan requires a commitment of time and resources to ensure all relevant information is present. A crucial document in securing funding from creditors and investors, the business plan should be well organized with a focus on specific strengths that set your business apart from the competition.
You Also Might Like As the project continues a number of options will be rejected. Scope, Impact, and Interdependencies This section of the business case describes the work needed to deliver the business objective and identifies those business functions affected by the project. It describes what is included and what is excluded plus the key interdependencies with other projects.
It is important for the business case to consider the failure of other interrelated projects and show how such dependencies make impact benefits.
Ideally, the project should be divided into stages with key decisions preceding each stage. Use this section to answer the following questions: What is required? Who does what?
This outline plan lists the major deliverables and includes a brief project description plus accountabilities for each activity. In other words, make the underlying business interests explicit. Therefore, the market assessment should show a complete understanding of the marketplace in which your business operates.
Risk Assessment The risk assessment summarises the significant risks and opportunities and how they are managed. This section answers the following questions: What risks are involved?
What are the consequences of a risk happening? What opportunities may emerge?
What plans are in place to deal with the risks? Every project should include a risk log.
When writing a business case make sure this is included as it explains how risk and opportunity are managed. Order Online and Download Today!
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