Business Case

00:00

having a business case is essential

00:03

in this video. We're going to talk about why a business case is needed,

00:07

how to write a cope it business case, what should be included and an example.

00:14

A business case should be made to analyze and justified the initiation of a large project and or financial investment,

00:21

which is definitely the case when undertaking an I T governance program.

00:25

Thus, a business case should be created for executive buy in and to allocate the appropriate time, personnel resource is and budget.

00:33

There's not a one size fits all business case.

00:36

Every business will have a different business case, depending on its organizations needs.

00:41

The business case can be detailed with an emphasis on quantified benefits. Or it could be a high level, qualitative perspective that remains vague.

00:49

Or it can even follow an existing internal business case approach.

00:54

Determine what is commonplace for your organization on what is appropriate when creating a business case.

01:00

Ah, business case will outline the scope needed to ensure that there is executive buy in and adequate resource is to monitor the business case and ensure that benefits are realized.

01:11

So why do you think a business case is necessary for your business.

01:19

Let's take an example.

01:21

The business case of requiring an adoption and expansion of I T Resource is is justified through the statements of the need to remain a competitors in the industry Corporation X is in, which is three e commerce industry.

01:34

Additionally, the adoption of these technologies will result in risk optimization, which further justifies the need to take on this large project and or large investment

01:45

each. Each business will have a unique business case, depending on its need and culture.

01:51

In this case, we're using ah, high level qualitative perspective that remains relatively vague.

01:57

The scope is outlined in this business case, focusing on the adoption and expansion of new technologies to remain a competitors and for risk optimization.

02:07

This can secure executive buy in and will allow senior leadership to continually monitor the business case to ensure that benefits are realized.

02:16

And in this case, it's to remain a competitors er and manage risk.