Basic Understandings of Developing a Business Case

business case, business plan, project development

Posted by Kitty on September 24, 2017

Purpose of developing business case

opportunity–alternatives–comparision–make the most value

business case VS business plan:

business case: what happens if we take this course of action. business plan: secure the financing and the strategy.

developing a business case is similar to solving a problemseven

Steps to a business case:

  1. define the opportunity
  2. Identify the alternatives
  3. Gather Data and Estimate Time Frame
  4. Analyze the Alternatives
  5. Make a Choice and Access the Risk
  6. Craft a Plan for Implementing Your Idea
  7. Communicate Your Case