Organizations of all sizes use business cases at some level to assess proposed projects that will require capital–whether financial, human or otherwise. Depending on the size of the organization and the markets it serves, business case management can be an ad hoc process or part of a broader discipline designed to manage the full life-cycle of strategic initiatives that may span multiple years.
The world’s largest organizations commit billions of dollars annually to a range of strategic initiatives.
Annual spending on IT infrastructure alone can top $1 billion for major organizations in service-intensive segments, such as banking, brokerage, insurance and health care.
Most corporations spending billions on initiatives are subject to complex annual processes while assessing proposed projects on an ongoing basis, as well. In any case, the traditional approach across organizations of all sizes shares one thing in common: A manual, off-line methodology for business case management.
For companies of all sizes, spreadsheets, slide presentations, and email are the most common business case tools. The result is an ineffective and inefficient process that leads to poor decisions and increased risk.
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Inpensa has focused exclusively on delivering turnkey solutions that address the problems and existential threats that can challenge organizations trapped by manual, off-line business case processes. Project owners can find a best practice framework for meeting the business case challenge head-on outlined here. As a quick reference, please see the FAQ section for more help.