A business case provides justification for a proposed business change or plan, read more typically outlines the allocation of capital and resources required to implement the proposed business case.
A successfully presented business case can act as an impetus for moving forward with a new, alternative plan of action, or it may simply provide a consistent message, or unified vision for future business decisions and operations. A well-drafted business case will expose major or implementable solutions for conquering a business problem, issue or goal in order to provide decision makers with multiple options to choose from. Now you are helping others, just by visiting wikiHow.
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Thanks for helping us achieve our mission of helping everyone learn how to do anything. Featured Articles Business Writing. Lewis on January 30, Identify and thoroughly understand a relevant business problem, issue or goal.
Your first step in creating a successful business case is to clearly identify the business problem, issue or goal that your business case will address. There should be an agreement about the scope between the person authorizing the business case and those who will execute analysis. Brainstorm about potential options for resolving the business case problem, issue or goal.
Both during, and after your initial business case brainstorming session, you should discuss potential solutions and plans with key personnel and management.
Identify multiple options for implementing your business case plan in order to determine the most feasible option for resolution. For example, if the business case plan revolves around entering a new market, there should be a brainstorming session held in order to determine that different marketing strategies required to make the new market entry a success.
Once you have identified potential business problems, issues or goals, and potential options for resolution, you should briefly review your business' mission statement. Consider whether your business case is in-line with the mission statement in terms of complying with and furthering business goals, objectives and philosophies.
In most cases, you will just click for source following the directions of a superior whose responsibility is to confirm compatibility between mission and the alternative solutions you provide.
Determine who should write the business case. Typically, one or two people take on the duty of writing a business case. With just one or two writers, the tone and style of the business case will remain consistent. The writer s should have knowledge click expertise regarding relevant business operations, and must be open to accepting input from other team members and business leaders. Write down the problem statement.
This statement should provide a straightforward explanation of the identified How To Write An Initial Benefit Statement problem or issue, and discuss the business areas that the business case must address for successful implementation. For example, if the business problem is the need to generate additional lines of revenue the problem statement should begin with a statement that: Create a proposed solutions statement.
Express the projects and options proposed by the group as a solution to the business problem, goal or issue.
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Include what should be accomplished by implementing the proposed business case plan. Anything that is needed to complete this solution should be explained in the proposed solutions statement. Include information about meetings with surveyed departments and target audiences. Provide detailed timelines and time frames for successful project implementation and completion. Provide ideal dates and worst-case scenarios for plan implementation, as well as a more general time frame for business case plan implementation and completion.
Explain the potential consequences and losses that could result from the plan not being implemented. Draft an executive summary. The executive summary is the first, and most important part of the business case.
The executive summary will contain the major considerations that will be later discussed in more detail, including the timeline for business case implementation and completion, as well as the projected benefits and costs of business case implementation.
Edit your business case draft. After you have completed a first draft of your business case, your next step should be to carefully review your business case for any unnecessary language and grammatical errors. Make sure your business case is formatted in a manner that is easy to ready and clearly displays each of the separate business case sections in underlined or bolded text.
Present your business case to the personnel who will be instrumental in implementing the business case plan. Get the agreement and feedback of those who will be responsible for implementation. Although, they are not usually the decision makers, the best way to ensure that your business case will be successful is by making sure that the personnel responsible for implementing the plan have the opportunity to review the business case and offer suggestions for changes and other feedback.
Present your business case to final authority. Your business case should be presented to the management professionals who are responsible for providing approval for new business strategies or plans. Begin with the problem, issue or goal that your business case is addressing. From there talk about the resolution provided How To Write An Initial Benefit Statement your business case, as well as the different options, and steps that must be taking to bring about resolution.
Brainstorm in advance about any read article concerns that management may have about implementing the business case plan.
Make sure to address these concerns during your presentation, instead of waiting for management to raise their concerns. You're helping people by reading wikiHow wikiHow's mission is to help people learnand we really hope this article helped you.
Click here to be counted. What format should I use when presenting a business case? Most businesses should have available guidelines on how documents, such as business cases, should be composed and formatted.
If there are no required formats, here can use any format you'd like. Not Helpful 0 Helpful 0.
Understanding Your Benefit Statement
What is the best, most user-friendly, professional video-editing software available for tapeing workshops and presentations? Answer this question Flag as Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other. Tips The business case must be interesting, concise and presented without industry jargon. Data may be presented using charts and graphs for visual appeal. The business case plan can be presented as a written report, or also in the form of a verbal presentation presented to management with How To Write An Initial Benefit Statement assistance of a powerpoint presentation.
LA Luis Aponte Aug 29, I had minimal experience preparing a business case.
Your article saved the day. It gave me the map I needed to prepare and present it with confidence. McFaul Sep 5, I found this great as it provided a breakdown of the task and guidelines of how to achieve our goal. DW Daniel Wallis Sep 11, AP Awais Patoli Oct 4, Thank you for this. PG Pradeep Gowda Oct 9, It helped me to write a business case for my assignment.
PS Peter Sandstrom Jun 26, PS Pavithra Simon Mar 13, OA Okeji Austine Oct 1, ID Indy Dhillon Apr 18, MK Moloko Kgomo Mar 22, More success stories All success stories Hide success stories. Thanks for letting us know. All text shared under a Creative Commons License. Help answer questions Learn more.