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#212
Building an Effective Business Case Training
Course 212
- Duration: 2 days
- Sandbox: Yes
- Language: English
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11 PMI PDUs
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17 IIBA CDUs
- Level: Foundation
In this Building a Business Case training course, you will learn the importance of carefully analyzing, creating, and communicating a successful business case to maximize its chance for approval. You will gain the skills to define desired outcomes, design evaluation criteria, weigh costs against benefits, and communicate a comprehensive business case to improve decision-making.
Train your whole team by bringing this course to your facility.
Team training is available online and in-person.
Building an Effective Business Case Training Course Information
In this Business Case Training, you will learn how to:
- Analyze, create, and communicate a compelling business case.
- Identify and prioritize alternative solutions to align with business criteria.
- Perform cost-benefit analysis.
- Identify the risks associated with an initiative.
Prerequisites
None.
Building a Business Case Course Outline
Business case introduction
- The reasons for constructing a business case
- Introduction to the simulation
Business case content and context
- The business case in the business project life-cycle
- Business options in the business case
- Business case content and structure
- The Business Case as organizational process asset
The Business Case Process
- Introducing the ADAPTS business case analysis process
- Focusing on the required elements
- Examining the role and value of the steps
Stakeholder Identification and Management
- Identifying business-level stakeholders
- Conducting stakeholder analysis
- Harvesting stakeholder goals
Determining the Problem
- Clarifying the business goals
- Creating a Problem Statement
Documenting the scope
- Turning goals into business requirements
- Documenting the business requirements
Deducing key decision criteria
- Weighting decision criteria
- Determining possible alternatives
Researching alternatives
- Examining the business options
- Developing the options for presentation
Estimating costs
- Establishing costs
- Evaluating and selecting financial appraisal methods
- Creating and applying a basic cost model
Forecasting benefits
- Categorizing tangible and intangible benefits
- Proving intangible benefits with a benefits rationale
Investment appraisal
- Employing four common financial analysis tools
- Producing a cash flow model
Risk assessment methods and tools
- Recognizing the impact of time and risk
- Creating and using a risk register
Prioritizing risks
- Applying a risk assessment matrix
- Framing risk with your stakeholder analysis
- Aligning risk evaluation with stakeholder point of view
Targeting Your Recommendation
- Delivering and positioning the solution
- Aligning the business case with stakeholders
- Aligning and prioritizing initiatives
- Prioritizing and selecting alternatives
- Selecting the business case delivery methodology
Crafting a Persuasive Business Case
- Overcoming the business document paradox
- Minimizing content to get maximum results
Presenting the Business Case
- Organizing your presentation
- Preparing the message
- Sequencing the content
Tailoring your presentation to the audience
- Selecting the delivery medium
- Communicating your case with confidence
- Validating your presentation
- Generating feedback for improvement
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Business Case Course FAQs
Attendees will be given access to several templates to use back at work, such as financial and stakeholder analysis tools.
Yes! We know your busy work schedule may prevent you from getting to one of our classrooms, so we offer convenient online training to meet your needs wherever you want, including online training.
To learn how to build a business case, you will participate in a two-day simulation, creating a business case from start to finish. Then, supported by video, games, collaborative software, and your instructor (available as your consultant), you will design, present, and deliver a business case.
- Course training material will be provided to attendees
- In this highly interactive training, students spend 75% of the time in class ‘doing’
- Attendees will be given access to several templates to use back at work