how to write a business case

You’re probably reading this article because you want to know how to write a business case. So, you want to write a case study, but you’re not sure where to begin! Don’t worry about editing at this point Complete it with all the details of your contact information. wikiHow is where trusted research and expert knowledge come together. The Finance Section Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. The project is then approved, rejected, deferred or revised as needed. This is a high-level statement that succinctly explains the vital details of the project. We use cookies to make wikiHow great. In this article we’ll give you 2 business case examples, provide you with a simple business cas… This article was co-authored by Michael R. Lewis. A business case is a valuable document that helps justify and guide a professional project. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. Summarize how this approach is superior when compared to each of the alternatives. Remember that the purpose of a business case is to find out whether a project is worth pursuing at all. Communicate concisely regarding the essential content. This section should compel your audience to examine the business case further. But you should be doing that anyway! The information provided in the initial business case converts easily to action steps and milestones. It should be attention-grabbing and should ideally include percentage and tough action verbs. You can follow these steps to develop and compose a compelling business case: Your business case should begin with a clear problem that the company needs to solve. ", read on PM are not very student-friendly. wikiHow marks an article as reader-approved once it receives enough positive feedback. Most cases use a combination of both because of it more relatable. In most cases, you will be following the directions of a superior whose responsibility is to confirm compatibility between mission and the alternative solutions you provide. Your article saved the day. It is crucial to clearly define the problem and parameter of the solution. If you need to write a use case, write a brief introduction describing the primary goals of implementing a new technology or business process. Because a business case is an evidence-based document, you’ll need to collect some evidence. "I was presented with a last minute request to prepare a business case to use a new employee learning system. Some may seem trivial, but decision makers are human beings who all have their dislikes – to make sure nothing is going to trigger the ‘reject’ or ‘delete’ button, you need to: 1. "How To Write a Business Case for New CRM Software" You know your business needs customer relationship management (CRM) software, but getting buy-in from stakeholders isn’t always easy. Be concise; 4. Your business case should begin with a clear problem that the company needs to solve. What format should I use when presenting a business case? Use reliable sources of d… This article has been viewed 403,023 times. This allows you to change your direction before you've made a significant investment in a particular approach. Related: Using Key Performance Indicators (KPIs) to Achieve Goals. written by professional consultants in an incomprehensible language Since you design your case study, to … A well-drafted business case will expose major or implementable solutions for conquering a business problem, issue or goal in order to provide decision makers with multiple options to choose from. However, your business case will typically include: Related: How to Write an Action Plan to Help You Achieve Your Goals. To present a clear business case, you must evaluate all possible solutions. In order to make your idea a reality, you may be asked to write a business case that clearly articulates what you want to accomplish, how you're going to do it, and why it's worth doing. For tips on organizing and formatting your business case, read on! A business plan is a written document which describes your business, your … Consider using a PowerPoint presentation to add visuals to your business case presentation. Justification for the project could be based on the benefits to business operations, strategic direction goals, and/or cost benefit analysis. Yet, for many educators who want to pen their own case, the act of writing a great business case seldom comes easily or naturally. Data may be presented using charts and graphs for visual appeal. Below are some practical tips on how to write a business case that will be taken seriously and stand out from other proposals in a board meeting. ", http://whatis.techtarget.com/definition/How-to-write-a-business-case-document#anchor2, http://www.entrepreneur.com/encyclopedia/mission-statement, http://www.ftpress.com/articles/article.aspx?p=360437, https://hbr.org/2014/07/the-right-way-to-present-your-business-case, consider supporting our work with a contribution to wikiHow. Identify your best possible avenue for data. Identify and thoroughly understand a relevant business problem, issue or goal. Once you have thoroughly researched your project and developed a clear outline for the preferred solution, create an executive summary. This article is written well enough for the layperson to understand. Consider using this template to help create your business case: [Provide a concise summary of the project that you're proposing. Include information about meetings with surveyed departments and target audiences. [Recommend the project that best solves the problem. He has a BBA in Industrial Management from the University of Texas at Austin. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/b\/b4\/Write-a-Business-Case-Step-1-Version-3.jpg\/v4-460px-Write-a-Business-Case-Step-1-Version-3.jpg","bigUrl":"\/images\/thumb\/b\/b4\/Write-a-Business-Case-Step-1-Version-3.jpg\/aid1147808-v4-728px-Write-a-Business-Case-Step-1-Version-3.jpg","smallWidth":460,"smallHeight":345,"bigWidth":"728","bigHeight":"546","licensing":"