Why use The Business Case Checklist?

The Business Case Checklist offers reviewers of IT investments three major benefits:

• Faster decisions: much knowledge is condensed, using only essential crieria.
• A simple standard investment process: evaluation criteria are streamlined and consistent.
• Profitable IT investments: promotes thorough due diligence and an active approach to investing, which produces high-ROI technology investments.

Checklists are essential for the military, medicine, and aviation. These important tools present information efficiently, reduce errors of omission, create reliable evaluation, and improve quality.

Using this checklist consistently will help your company build professional business cases.

A professional business case to justify a proposed investment should include:

• A business and economic rationale for the investment
• A definition of the investment and its feasibility
• A financial model, quantifying and valuing the benefits and costs of the investment
• A plan for delivering business and financial value

A professional business case helps a company determine what it wants to acheive and how, rather than just using the case to obtain funding.

Buy the business case before buying technology

Treat technology as an investment. That way, you are buying the cash flows produced by the technology -- the ROI. A business case captures these cash flows. This checklist supports the preparation of a business case for a technology-based investment, inlcuding hardware, software, or services.

Buyers of technology can use the checklist to review business cases justifying projects and programs.

Sellers of technology can use the the checklist to improve business case for sales of their products, services, and solutions.

The checklist is most relevant to technology with substantial benefits or a top line. This means IT initiatives producing significant new revenue, cost savings, time reductions, or quality improvement. Business cases work best for technology treated as capital expenditure, but they also support technology classified as operating expenditure, such as software-as-a-service.

Where the checklist refers to "the investment," it means the product, servce, project, program, or solution proposed in the business case.

Please note that this is a text extract only. The actual page is all-color and fully formatted with illustrations.

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