Most IT projects fail to deliver their forecast economic value. A professional checklist stops basic mistakes and gives your project a higher change of success. Read the 12 questions you must ask of any IT project...
The Business Case Checklist asks 12 questions of every IT investment:
- What is the business need? No senior stakeholders being burnt by the problem, then, no investment.
- What is the investment that addresses the business need? Describe the investment (NPV etc) first, not the technology.
- What technology underlies the investment? Explain the cause-and-effect between what the technology does and the investment results produced.
- What are the benefits of the investment? Define the impacts of your proposal; make them benefits by converting them into dollars or euros etc.
- What are the costs of the investment? Capture all the costs: capex and opex, known and suspected. Be manic depressive.
- What are the major risks? Be skeptical: assume the worst, hope for the best.
- How did we value the investment? Check financial models, especially, assumptions and benchmarks rigorously.
- Is the investment feasible and a good fit?Feasibility has several shapes: is it profitable (economic), does it work (technical), can we afford it (financial), and can we do it (operational)?
- What alternatives did we consider? Without an alternative, you are not making a decision.
- How do we execute on the investment? Until you execute, it's a forecast.
- Is this a good business case? Wrapping a good investment in a bad business case wastes everybody's money and careers.
- Do we invest? Decide on the merits of the investment and quality of the business case, not the loudest lobby.
Buy on Amazon now.