click below
click below
Normal Size Small Size show me how
MTS 108
Question | Answer |
---|---|
108 | Business case analysis |
Purpose of a business case analysis | A structured methodology to facilitate its decision making process |
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 | 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 Provides the reader with rationale to why some have been eliminated as viable alternatives provide the detailed description of viable options including a do nothing option |
Discuss risk assessment in decision making of a BCA | Provide the reader with an understanding of the risk related to the initiative and how risk vary by viable alternative |
Explain how cost benefit impacts a BCA | Compare the initial and ongoing expenditures to the expected financial and non financial benefits |
conclusions and recommendations | Overall evaluation of the alternatives in terms of impact risk and cost benefit |
Implementation strategy | 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 |
Review and approval | 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 |