108 Business Case Analysis Flashcards
What is the purpose of a Business Case Analysis (BCA)
A structured methodology to facilitate its decision-making process. It is a continuous process from conception of an alternative or solution to implementation.
Explain the purpose of the executive summary of a BCA
To provide a concise summary of the key highlights of the business case.
Describe how strategic alignment is important in a BCA
It provides the reader with an understanding of how the initiative aligns with the overall business plan of the Navy and how it may impact other initiatives.
Explain what analysis of alternatives does
Provides the reader with an outline of the realm of possibilities that are available to address the problem or opportunity.
Discuss risk assessment in decision making of a BCA
Provides the reader with an understanding of the risks related to the initiative and how risks vary by viable alternative.
Explain how cost benefit impacts a BCA
Ensures the reader can easily understand and compare the initial and on-going expenditures to the expected financial and non-financial benefits (tangible and intangible) for each viable alternative.
What are the three final stages of a BCA
Conclusions and Recommendations
Implementation Strategy
Review and Approval
Explain the Conclusions and Recommendations stage of a BCA
To provide the reader with a selected alternative based on an overall evaluation of the alternatives in terms of impact, risk and cost/benefit. Specific recommendations for moving a project forward are also presented.
Explain the Implementation Strategy stage of a BCA
To ensure that those approving the business case understand the resources they must allocate (people, dollars, time) to complete the recommended next steps of the initiative.
Explain the Review and Approval stage of a BCA
Clearly presents the reader with whom and how the business case has been resolved and approved. Also contains the final outcome of the business case - if approved, the evidence of approval is included; if not approved, documentation of the decision is provided.
