Beyond cash, most business cases require additional resources. Whether it's IT hours, operational changes, salespeople, customer service representatives, or leadership involvement, you would do well to identify these requirements and quantify them as best you can. Failure to do so can lead to objections from the groups who need to provide support to your plan.
- Beyond cash, most business cases require other resources.…Whether it's IT hours, operational changes, salespeople,…customer service reps, or leadership involvement,…identify these resources and quantify them…to the extent you can.…Failure to do so can lead to objections…from groups who need to provide support to your plan.…That prevents approval and implementation of your idea.…If you're not sure what additional resources you'll need,…there are three ways you can figure it out.…
First, ask stakeholders how their group and other groups…will be impacted by your idea.…Second, think about how your idea impacts other areas…by doing a process map.…Third, look at good prior business cases to get an idea…of who's been impacted in the past.…Specify the resources you need, how long you'll need them,…when you'll need them, and the type of work they need to do.…Be prepared to add cost to your business case…to pay for these resources.…
Many companies have internal transfer pricing…for things like IT developer time…that you'll need to account for…
- Define the structure and uses of a business case.
- Write effective executive summaries.
- Explain the components of a problem definition.
- Describe how to articulate the benefits of an idea.
- Estimate financial results and identify measurements of success.
- Describe how to outline risks and opportunities.
- Create milestones.