As the TalentLaunch Network continues to grow and become more complex, it is important to ensure we are documenting our requests thoughtfully and thoroughly when it comes to asking for an investment. This can be accomplished through the completion of a business case.
The purpose of the business case is to document the justification for the undertaking of a project usually based on the estimated resources (cost, time, availability, etc.) against the risks and the anticipated business benefits (enhancements, growth, ROI, etc.) and savings to be gained.
Why is it important to submit a business case when presenting an idea?
A business case often provides decision makers and other potential stakeholders with a management tool for evidence based and transparent decision making. If the business case is documented properly, it will clearly present the risks, opportunities and threats involved putting them in perspective of the investment involved.
You might look to submit a business case for the following reasons:
- Have an idea
- Looking to get the conversation started for a project that will enhance current processes or features
- Seek approval for an investment that has not been budgeted for
- Trying to purchase new tools
- Innovation
- Investment hire
- Other
If you have any questions about business cases and how they can help you plan, think about putting one together, please reach out to Derek Pittak. You may submit a business case request HERE.