Business Case Lifecycle Management
We are in a world where you have to do more with and for less. Making sure the resources to be consumed in an initiative represent on-going best value to your organisation requires more than a guestimate approach! We all know the conventional approach of defining a business case to get authority to spend and consume, and then ignoring as to whether it remains a valid decision in the light of your changing organisation context and environment is a recipe for disaster and shredding resources.
P2E® has a well-established process around robust Business Case development, documentation, presentation and maintenance. This process includes:
- Building a justification that encapsulates the organisations’ challenges and goals, and demonstrating strategic alignment
- Baselining and costing current performance
- Defining and costing targeted processes and performance
- Using our Benefits Lifecycle Management Framework, identifying, defining, valuing and assessing intended outcomes and benefits that justify the project, as well as in the light of changes to the organisation/program/project environment
- Using our Options Analysis Framework, identifying, assessing and prioritising options, making sure a complete understanding of different ways to achieve intended outcomes and their implications
- Using our Stakeholder Management Framework, identifying key internal and external stakeholders, their influences and management styles, necessary for sustainable improvements
- Using our Risk Management Framework, identifying and managing Benefit and Delivery risks, each under opportunity and threat mitigations
- Using our Financial Management Framework, define and articulate return on investment and other financial justifications to support robust decision making in your organisation