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Building a business case for diversity Gail Robinson; Kathleen Decants The Academy of Management Executive; Aug 1997; 11, 3; ABI/INFORM Global pg. 21 Reproduced with permission of the copyright owner.

How to fill out building a business case

How to fill out building a business case:

1. Start by clearly defining the objective of the business case. This includes outlining the problem or opportunity that the project aims to address.
2. Conduct a thorough analysis of the current situation. This involves gathering relevant data, conducting market research, and evaluating the potential risks and benefits.
3. Identify the various alternatives or options available to address the problem or opportunity. This could include different strategies, technologies, or approaches.
4. Evaluate each alternative based on a set of criteria such as feasibility, cost-effectiveness, and alignment with organizational goals.
5. Select the most viable alternative and develop a detailed plan for implementation. This should include a timeline, resource requirements, and an evaluation of potential obstacles.
6. Determine the financial implications of the chosen alternative. This involves conducting a financial analysis, including estimating costs, projecting revenue, and calculating return on investment.
7. Prepare the business case document, which should include an executive summary, a detailed description of the problem or opportunity, the selected alternative and its justification, financial analysis, and a proposed implementation plan.
8. Review the business case with relevant stakeholders, such as senior management, investors, and decision-makers, to gather feedback and address any concerns.
9. Make necessary revisions to the business case based on feedback and final decisions, ensuring that it is complete, concise, and persuasive.
10. Present the final business case to the appropriate audience, making a compelling argument for why the project should be approved and providing sound justification for the selected alternative.

Who needs building a business case:

1. Entrepreneurs or business owners who want to launch a new product or service and need to secure funding or gain approval from investors.
2. Project managers who need to present a comprehensive analysis and justification for a new project or initiative within their organization.
3. Executives or decision-makers who need to evaluate the potential of a proposed business opportunity or assess the feasibility of a strategic change.
4. Managers or team leaders who need to communicate the value and benefits of a new initiative to their team members and gain their support.
5. Investors or stakeholders who require a solid business case before committing financial resources to a new venture.
6. Government agencies or regulatory bodies that need to evaluate the feasibility and impact of proposed policies or initiatives.

By following the steps outlined above, individuals or organizations can effectively fill out a business case and present a compelling argument for why a particular project or initiative should be pursued.

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What is building a business case?

Building a business case involves outlining the rationale for a proposed project or initiative, including its benefits, costs, and potential risks.

Who is required to file building a business case?

The project sponsor or stakeholders are typically required to file the building a business case.

How to fill out building a business case?

To fill out a business case, one must include information on project goals, financial projections, risks, and potential benefits.

What is the purpose of building a business case?

The purpose of building a business case is to provide a structured approach for evaluating the feasibility and potential impact of a proposed project.

What information must be reported on building a business case?

A business case must include information on project scope, objectives, budget, timeline, and anticipated benefits.