108 Flashcards

1
Q

STATE THE PURPOSE OF A BUSINESS CASE ANALYSIS (BCA)

A

A BCA IS A STRUCTURED METHODOLOGY TO FACILITATE ITS DECISION-MAKING PROCESS

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2
Q

EXPLAIN THE PURPOSE OF EXECUTIVE SUMMARY OF A BCA

A

PROVIDES CONCISE SUMMARY OF THE KEY HIGHLIGHTS OF THE BUSINESS CASE

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3
Q

HOW IS THE STRATEGIC ALIGNMENT IMPORTANT IN A BCA

A

IT IDENTIFIES THE LEVEL OF IMPACT OF THE INITIATIVE AS ON ACHIEVING IT’S GOALS.

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4
Q

EXPLAIN WHAT ANALYSIS OF ALTERNATIVES DOES

A

PROVIDES THE READER WITH A SUMMARY OF THE OPTIONS THAT ARE AVAILABLE TO ADDRESS THE PROBLEM, EXPLAINS THE READER WHY SOME OPTIONS HAVE BEEN ELIMINATED AND EXPLAINS WHY A SPECIFIC OPTION SHOULD BE CONSIDERED MORE THAN OTHERS.

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5
Q

DISCUSS RISK ASSESSMENT IN DECISION MAKING OF A BCA

A

EXPLAINS THE READER WITH THE RISK RELATED TO SELECTING EITHER INITIATIVE, THIS PROCESS NEEDS TO BE PERFORMED

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6
Q

EXPLAIN THE COST BENEFIT IMPACTS A BCA

A

INSURES THE READER CAN EASILY UNDERSTAND AND COMPARE THE INITIAL AND ON-GOING EXPENSES OF EACH OPTION

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7
Q

EXPLAIN THE FINAL STAGE OF BCA?

A
  1. CONCLUSION AND RECOMMENDATIONS- PROVIDES PREFERRED ALTERNATIVE BASED ON IMPACT, RISK AND COST/BENEFIT
  2. IMPLEMENTATION STRATEGY- ENSURES THAT THOSE APPROVING BCA UNDERSTAND THE RESOURCES THAT NEED TO BE ALLOCATED (PEOPLE, MONEY, TIME)
  3. REVIEW AND APPROVAL- PROVIDES THE READER WITH WHOM AND HOW THE BUSINESS CASE HAS BEEN RESOLVED AND APPROVED AND THE FINAL OUTCOME OF THE CASE.
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