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IT Investment: Making a Business Case

Frequently not enough attention is given to producing a comprehensive business case or to producing an economic justification for an information systems investment. In fact many organizations are not clear as to what constitutes a sound business case and how to go about producing one. This Professional level book for the Computer Weekly Professional Series will show how to go about justification for I.T. spend. This book is designed for all those who are involved in the decision to invest in information systems. This book is especially relevant to senior business executives, senior financial managers and IT executives. Business consultants, computer and corporate advisors will also find the ideas and material addressed in this text of particular benefit as will anyone involved in corporate and strategic planning. In addition, senior students such as those working towards their MBAs will find this book of use. A business case is a statement or a series of statements that demonstrate the economic value of a particular intervention, a course of action or a specific investment. A business case is not simply a financial forecast of the hardware and software costs and the expected benefits. A business case for an information systems investment involves a comprehensive understanding of both the likely resources as well as the business drivers which will assist business managers improve their performance and thereby obtain a stream of benefits from the investment. In general there are approximately six steps in producing a business case for an information systems investment. 1. Determine the high-level business outcomes that will be clearly and comprehensively expressed as a set of opportunities the organization can take advantage of, or problems that need to be rectified. 2. Identify the corporate critical success factors that will be supported or enhanced by the operation of the completed information systems project or investment. 3. Create a list of specific and detailed outcomes or benefits, their appropriate metrics, measuring methods and responsibility points that are represented by the stakeholders. 4. Quantify the contribution made by the outcomes, which requires associating numbers or benefit values with outcomes where this is possible. 5. Highlight the risks associated with the project. Fundamental to this new approach to developing a business case for information systems investment is the fact that it incorporates much more than the financial numbers which are typically found in the standard approach to a feasibility study. This approach looks behind the financial numbers to the improvements in business performance which are facilitated by information systems and which are the real drivers of the benefits. Furthermore, this approach to developing a business case allows the organization to manage the process so that the required results are achieved.

This book is designed for all those who are involved in the decision to invest in information systems. This book is especially relevant to senior business executives, senior financial managers and IT executives.

Business Feasibility Analysis Pro

This wizard based software, designed to support any small business management and/or entrepreneurship text, is a step-by-step guide and an easy-to-use tool to complete a feasibility analysis on a business idea. The program allows instructors the flexibility to assign each step in the feasibility analysis separately, or to assign the entire feasibility analysis as a semester project. Through the process of completing the feasibility analysis, students complete five separate assignments; the result is an in-depth, gradable Business Feasibility Analysis report. Each step in the process is clearly explained and an example is provided for each step to help students visualize what their results should look like. Students are shown how to solicit feedback from potential users of their product or service and how to gather data, so they can base their judgment on facts rather than speculation. Students are allowed to print or e-mail one section of the analysis at a time, or the entire plan when completed.

This wizard based software, designed to support any small business management and/or entrepreneurship text, is a step-by-step guide and an easy-to-use tool to complete a feasibility analysis on a business idea.

Preparing Project Feasibility Studies for Philippine Business Enterprises

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations.

Feasibility Study for the Small Business

Feasibility Study for Small Business Startup & Sustainability is focused on the short term goal of validating startup potential and the long term objective of developing a sustainable enterprise. The Feasibility Study guide will show you how to define a trade area, identify your target market and determine your market needs and measure the market potential of your business idea. The Feasibility Study guide also shows you how to develop a financial model where performance is driven by strategy. The financial modeling section will show you how to audit financial performance and develop solutions to profit and cash flow issues that are common to a small startup. Feasibility Study for Small Business Startup & Sustainability is designed for a small business with 1 to 9 employees.

The Feasibility Study guide will show you how to define a trade area, identify your target market and determine your market needs and measure the market potential of your business idea.