9 Making a business and financial case
von Robert NL
1. Project lifecycle
1.1. Lifecycle
1.1.1. Feasibility
1.1.2. Requirements and specification
1.1.3. Solution design
1.1.4. Development and implementation
1.1.5. Operation
1.2. Decision gates
1.3. Benefits realizations
2. Identifying options
2.1. What and how
2.2. Process for developing options
2.3. Incremental options
2.4. "Doing nothing" option
3. Assessing project feasibility
3.1. Aspects of feasibility
3.1.1. Business
3.1.2. Technical
3.1.3. Financial
3.2. PESTLE
3.3. Force-field analysis
3.4. Think of impact and risk
4. Structure of a business case
4.1. Introduction
4.2. Management summary
4.2.1. What about, and what found
4.2.2. Options considered
4.2.3. Recommendation, and decision required
4.3. Description of the current situation
4.4. Options considered
4.5. Analysis of costs and benefits
4.5.1. Categories of costs and benefits
4.5.2. Avoided costs
4.5.3. Presenting the financial cost and benefits
4.6. Impact assessment
4.6.1. Organization
4.6.1.1. Costs
4.6.1.2. Changes
4.7. Risk assessment
4.7.1. Principal risks
4.8. Recommendations
4.8.1. Summarize
4.8.2. Decisions asked
4.8.3. Visual for tasks and timescale
4.9. Appendices and supporting information
5. Investment appraisal
5.1. Payback calculation
5.2. Discounted Cash Flow (DCF)
5.2.1. Net present value (NPV)
5.2.2. Sensitivity analysis
5.3. Internal rate of return (IRR)
5.3.1. Calculate percentage