Building Business Cases for Initiating Internal Projects
What, Why and How
Speaker: Dave Angelow, Executive Principal, Business Foundations
The discussion will focus on the development of business cases to support management decision-making for projects targeting improvements to internal activities (not development of new products to sell in the marketplace).
We’ll look at three major topic areas
1. What is a business case?
2. Why is a business case needed?
3. How is a business case developed?
To describe why a business case is needed, we’ll review where business cases fit within the overall business decision-making context. Describing the need for a business case sets the stage for discussing how a business case is developed. We’ll then elaborate on how to construct a business case - how to estimate costs and benefits for a project, and the use of sensitivity analysis to understand the impact of estimating errors on decision-making.
Finally, we will discuss positioning a business case, presenting it to the organization in support of decision-making for a new internal capability or process improvement.
The wrap up will tie together concepts and allow room for Q&A.
About the Speaker:
Dave Angelow is an expert in value-stream mapping, process improvement and business case development focusing on start-ups and high-growth companies and primary assistance is driving improvements in revenue or costs. Dave has 12 years experience in business operations and program management with high-tech companies such as Dell, Applied Materials and Freescale/Motorola. Additionally Dave has over 10 years management consulting experience at companies such as Deloitte Consulting, Ernst & Young, Kalypso and Business Foundations.