Analysis of the proposal and recommended option

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Reference no: EM133696450

Managing Strategic Risk and Projects

BUSINESS CASE

The task is to develop a business case (2000 words max, excluding references). It should describe the problem, identify the possible options to address it and provide a recommendation for which option is best, weighing up the costs and benefits. The intent of a business case is to convince key stakeholders of the merits of a particular course of action, and it lays the foundations to initiate a project.

INSTRUCTIONS:
Choose a topic.
You can create a problem on which to build a Business Case (i.e., Problem - Low Customer Satisfaction with Our Company's Services; Solution for the Business Case - Software Upgrade that will help to deal with Customer Complains quicker, and hence will improve customer satisfaction) OR
You can choose a topic for your Business Case from the Organisation you work (or worked) for.
Confirm your topic with your lecturer in the class by Week 2.
It is expected that your business case will have the following sections:
Executive Summary.
Introduction.
Statement of the problem.
Analysis.
Discussion of Possible Options.
Recommendation.
Details of your Chosen Option.
Conclusion.
Your report should be no longer than 2000 words, excluding references. Formatting: 12- point type, 1.5-line spacing, Justified alignment. All researched information must be correctly referenced using the latest APA Referencing style.

You can use a structure of your own or adapt the basic example shown on the following page.

ASSIGNMENT 1 SUMMARY - BUSINESS CASE
Business Case
Project Name:
Project Manager: Date:

Executive Summary
The executive summary in the business case should be a detailed summary of the proposal which is being put forward. It must include an outline of the business case; analysis of the proposal and recommended option being proposed.
Project
Business Overview & Needs
Briefly describe the business background, including the general business problem to which the project will address. What Business Needs/Problems you are going to address?
Project Background & Scope
Project background must capture project's history, prior decisions, considerations, and other key information. If it is a new project, explain what needs/ issues this project will address. Detail specific goals of the project and scope. In short, in this section you should provide a comprehensive description of the solution proposed.
Key Project Stakeholders
List key stakeholders.
Analysis
Alternatives
The Alternative Analysis section should identify options and alternatives to the proposed project and the strategy used to identify and define them. Include at least 2-3 viable alternatives.
Option 1
Option 2
Option 3
Preferred Solution
Explain the preferred solution and reasons for choosing it. You should also include a Cost- Benefit analysis here and Financial Considerations. Add a high-level schedule of implementation or delivery strategy with key responsibilities outlined.
Assumptions, Issues & Risks
List any assumptions, issues and constraints that must be considered when considering the potential implementation of the above. Also add basic business and technical risks/issues of executing and/or not executing the project.
Next Steps
Add Next Steps to indicate what is required (i.e., Financing, Approval, Project Owner...).

Reference no: EM133696450

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