Building Better Business Cases

Building Better Business Cases
Description
Read “Building Better Business Cases for IT Investments” (Ward et al., 2008). Develop a benefits table along with first five (5) business case development steps for an IT project using the framework from the reading.
Here are the two options (only pick one):
Option 1: Use the NYU case provided, NYU Langone Medical Center Goes Paperless
Option 2: Use a current or potential future IT initiative or project from your organization (or one you recently worked in).
Note, if you use option 2 you need to provide a detailed project description (one to two pages, similar to the NYU case in option 1) about the project and place it within appendices. This should be sent to faculty no later than Week 4 for approval.
In making your benefits analysis for your business case, follow the six steps approach by Ward et al. (2008) closely. Your analysis should be presented in the same paper format as you have used in the previous modules. Labeling steps 1 through 5 will be helpful to the reader. For each step, don’t describe the general business case development process already described in the class reading. Rather, describe the key decisions you made and analyses you did for each step:
Introduction: Brief overview of project selected and introduction of benefits analysis
Step 1: Define Business Drivers and Investment Objectives
Step 2: Identify Benefits, Measures, and Owners
Step 3: Structure the Benefits
Step 4: Identify Organizational Changes enabling Benefits
Step 5: Determine the Explicit Value of each Benefit
Note: Step 6, Costs and Risks analyses will be done in Part 2
Conclusion (Only conclude your benefits analysis at this point. The key is to have an estimated number for all financial benefits, which can be used for your ROI estimation in Part 2)
References: Include required readings for Modules 6. Additional researched references are required. Minimum four (4) additional references from your benefits research.
Building Better Business Cases
Appendix:
Visuals
Figure 1a- Provide your benefits table similar to Figure 5 from the main reading, Building Better Business Cases for IT Investments (Ward et al., 2008, p.11)
Figure 1b – A table of your assumptions for the benefits you identified and estimated (explanation of how you estimated each quantified benefit)
Summary of Learning
Building Better Business Cases
What have you learned from business process analysis and then benefits analysis?
What are the main challenges so far?
Note: Here is an illustrated example of the business case from “Building Better Business Cases for IT Investments” (Ward et al., 2008).
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