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Frequently not enough attention is given to producing a
comprehensive business case or to producing an economic
justification for an information systems investment. In fact many
organizations are not clear as to what constitutes a sound business
case and how to go about producing one. This Professional level
book for the Computer Weekly Professional Series will show how to
go about justification for I.T. spend.
This book is designed for all those who are involved in the
decision to invest in information systems. This book is especially
relevant to senior business executives, senior financial managers
and IT executives.
Business consultants, computer and corporate advisors will also
find the ideas and material addressed in this text of particular
benefit as will anyone involved in corporate and strategic
planning.
In addition, senior students such as those working towards their
MBAs will find this book of use.
A business case is a statement or a series of statements that
demonstrate the economic value of a particular intervention, a
course of action or a specific investment. A business case is not
simply a financial forecast of the hardware and software costs and
the expected benefits. A business case for an information systems
investment involves a comprehensive understanding of both the
likely resources as well as the business drivers which will assist
business managers improve their performance and thereby obtain a
stream of benefits from the investment.
In general there are approximately six steps in producing a
business case for an information systems investment.
1. Determine the high-level business outcomes that will be clearly
and comprehensivelyexpressed as a set of opportunities the
organization can take advantage of, or problems that need to be
rectified.
2. Identify the corporate critical success factors that will be
supported or enhanced by the operation of the completed information
systems project or investment.
3. Create a list of specific and detailed outcomes or benefits,
their appropriate metrics, measuring methods and responsibility
points that are represented by the stakeholders.
4. Quantify the contribution made by the outcomes, which requires
associating numbers or benefit values with outcomes where this is
possible.
5. Highlight the risks associated with the project.
Fundamental to this new approach to developing a business case for
information systems investment is the fact that it incorporates
much more than the financial numbers which are typically found in
the standard approach to a feasibility study. This approach looks
behind the financial numbers to the improvements in business
performance which are facilitated by information systems and which
are the real drivers of the benefits. Furthermore, this approach to
developing a business case allows the organization to manage the
process so that the required results are achieved.
Looks at how to put a business case together and has the added
benefit of a series of forms and templates to enable quick business
plans to be put together, available to download free from
publisher's web site
Shows how to create a list of specific and detailed outcomes or
benefits, their appropriate metrics, measuring methods and
responsibility points
Highlights the risks associated with projects
Frequently not enough attention is given to producing a
comprehensive business case or to producing an economic
justification for an information systems investment. In fact many
organizations are not clear as to what constitutes a sound business
case and how to go about producing one. This Professional level
book for the Computer Weekly Professional Series will show how to
go about justification for I.T. spend. This book is designed for
all those who are involved in the decision to invest in information
systems. This book is especially relevant to senior business
executives, senior financial managers and IT executives. Business
consultants, computer and corporate advisors will also find the
ideas and material addressed in this text of particular benefit as
will anyone involved in corporate and strategic planning.In
addition, senior students such as those working towards their MBAs
will find this book of use.A business case is a statement or a
series of statements that demonstrate the economic value of a
particular intervention, a course of action or a specific
investment. A business case is not simply a financial forecast of
the hardware and software costs and the expected benefits. A
business case for an information systems investment involves a
comprehensive understanding of both the likely resources as well as
the business drivers which will assist business managers improve
their performance and thereby obtain a stream of benefits from the
investment.In general there are approximately six steps in
producing a business case for an information systems investment.1.
Determine the high-level business outcomes that will be clearly and
comprehensively expressed as a set of opportunities the
organization can take advantage of, or problems that need to be
rectified.2
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