Example Business Case For Job Promotion – This article provides expert advice on writing a business case. We also provide a checklist for preparing, writing and presenting a business case, as well as free, easy-to-use Word and PowerPoint business case templates.
On this page, you will find detailed information on how to write a business case, the sections to include in a business case, a business case checklist, and examples of business case presentations.
Example Business Case For Job Promotion
Is a formal, structured document; informal, short document; or a verbal exchange that identifies the merits of an initiative or project.
How To Write A Business Plan In 10 Steps + Free Template
In addition, the business case predicts the costs, benefits, and risks of the initiative, so decision makers—and even project initiators—can decide whether the project is worthwhile and why one approach should be chosen over similar strategies.
Jim Maholik has over 20 years of experience in IT strategy and business case development, including two CIO positions, two leadership positions at Big 4 consulting firms, and leadership positions at several technology companies.
He describes the business case as follows: “A business case is a complete story that explains the return on investment for a capital project. It starts with formulating a business problem, then explores how we can solve it or what the value of solving it is. For example, “Our revenues aren’t growing as fast as they should,” or “Inventories aren’t turning over as fast as they should,” or “Costs are too high.” This is where the business case starts.
“Then we will know how big this problem is. We talk to people in the company and find out what they think the value of solving the problem is. All of this information is packaged into a story that says, “Here’s the problem. That’s the value of problem solving. Here’s how much it costs in hardware, software, or whatever. Here are the benefits. And that’s the whole story.”
Job Promotion Interview Questions (with Answers)
The business case can also be a key document for the project manager when planning, creating milestones and evaluating progress.
Looks not only at lowest cost but also at technical value and other non-quantitative factors in what is called
. BCA considers the triple constraints of time, money, and scope, and may include metrics such as performance, reliability, viability, and maintainability.
A business case helps a company or organization prepare for new initiatives or changes. This document is a critical component of project success and underpins senior-level involvement and clear planning. Business cases summarize the benefits of the effort, specifying the business value of the project to help stakeholders make decisions.
Examples Of Marketing Plan And Why They Work
A good business case should focus less on technology, domain expertise, or specific deliverables and more on product users and project goals. In the same vein, a project manager should focus not only on creating an outcome, but also on delivering value. An initiative can offer many types of value, including contributing to strategic objectives, improving efficiency and maintaining compliance. Insufficient attention to the details of the business case and the accompanying research can lead to poor project results.
A business case may seem like just another document destined for the shelf or shredder, but it can offer real benefits:
You might think that business cases are the domain of financial specialists and accountants. In fact, people with first-hand knowledge of the processes and teams should be responsible for creating these documents.
Some experts say that the person behind the change should drive the change so that anyone in any role can take responsibility for creating the business case. This includes consultants, line managers or IT managers. In some organizations, the project sponsor or project manager may lead the preparation of the business case and include input from relevant departments and SMEs.
Job Promotion Letters (100% Free Templates) ᐅ Templatelab
It is no longer enough to complete a project and present the result. In an economy that often seems as volatile as it was in 2008, stakeholders want to see the outcome create value and benefit the organization. This is especially relevant for complex projects or those that require justification for the involvement of external resources. Public sector projects often require business cases.
A business case describes to a decision maker the benefits and business value of a proposed initiative. Term
Often refers to a written document submitted for consideration or presented at a meeting, but can also refer to an informal oral proposal.
A well-written business case moves logically from presenting a problem or opportunity through the advantages and disadvantages of solutions to describing a recommended solution. If you need a lot of detail, you can divide the text into subsections to make the content easier to scan and faster and less difficult to read. Below are the general sections of the business case in sequential order:
Cover Letter For Internal Position Or Promotion
Many organizations have pre-set templates for writing business cases. If your organization doesn’t, search the web for free, easy-to-use business case templates for construction business cases, one-page business cases, and more. Depending on the narrative needs of the business case, it can contain many possible sections:
The sections that make up the business case may vary depending on the style of your home and the type of initiative. Jim Maholik says, “The way I put my business cases together is this: I do a one-hour meeting, so I have maybe 20 slides, but 10-15 slides is fine. Actually, I might have 100 slides, but I add them to the app.” You may have solid supporting information, but you don’t want to tire your audience of decision makers by going through every slide.
“They might take an hour, but honestly, you’re going to have their attention for 10 to 15 minutes, and then they’re going to start checking email and stuff,” Maholik adds. “You really have to be clear about how you do it and know where you’re going.
“Start by saying, ‘We have this problem,’ and then, ‘Here are the people we’ve talked to who have confirmed that this is a problem. They offered ideas on how to solve this problem so that we could see this significant benefit,” he notes.
The Top 7 Business Plan Examples To Inspire Your Own (2023)
“At executive meetings, it is important that I answer the main questions: What is the problem? What is the price of indecision? What are the advantages of its solution? And when will we see the benefits? You can ask follow-up questions later in the meeting or after the meeting one-on-one, offline,” says Maholik.
By using templates, you can create business cases more easily because you can focus on your research and fill in the gaps. The following free, downloadable templates can be customized to fit your organization’s needs.
You can extend this short PowerPoint presentation template to include more details. The business case presentation template includes spaces to describe the following elements: project title, brief description, project description, financials, recommended solution, assumptions and dependencies, options, and benefits.
A simple business case template is designed for a small project or small organization. It can cover great detail if necessary. It includes spaces to describe the following elements of the case: Title, Summary, Business Objective, Target Users, Finances and Costs, Assumptions and Dependencies, Implementation Strategy, Required Resources, and Project Management and Reporting.
Operational Plan Template
A healthcare business case template helps you explain your current setup and how the proposed solution can create improvements. It provides space for a brief one-page description, the context of the problem or opportunity, a description of the current situation, an explanation of the proposed changes, and details of how the changes may affect your organization and any other organizations.
A new product business analysis template examines the business landscape for a new product or service. In addition to meta information such as title, author, and summary, the template includes space to describe the current mission, product or service offering, marketing strategy, competitor analysis, SWOT analysis, implementation plan overview, and financial details.
You can speed up your business process by understanding the structure of a business case and using a template. Additionally, having the right perspective and following best practices can help you succeed.
Before you start researching and writing, understand why you want to initiate the project. The goal of the project is to solve problems. What is the problem? The problem is preventing your organization from realizing its full potential. First, define what problem the project is trying to solve.
Predictive Analytics In Human Resources
Projects have results, both tangible and intangible. Think of an outcome as an outcome created by outcomes. Benefits represent quantifiable improvements derived from an outcome. When a customer or team member can take advantage of these benefits, they become benefits.
To begin, review the mission statement(s) of the organization or project. Identify the data sources for your business case. One way to encourage acceptance of your proposal is to discuss your rough estimates of costs and resources with the project sponsor or customer before proceeding with the business case. This will help you and the sponsor understand each other’s expectations and reduce the chance of sticker shock during the executive presentation.
Recommendation for promotion example, example of business promotion, example for promotion, job promotion presentation example, business case for promotion template, business case for promotion example, example of business case for promotion, business case for promotion, justification for promotion example, promotion strategy example business plan, example letter for promotion, job promotion letter example