Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
State the purpose of a Business Case Analysis (BCA). |
Is a structured methodology to facilitate its decision-making process. It is a continuous process from conception of an alternative or solution to implementation. |
|
|
Describe how strategic alignment is important in a BCA. |
It provides the reader with an understanding of how the initiative aligns with the overall business plan of the Navy and how it may impact other initiatives. It identifies the level of impact (high, medium, low) the initiative has on achieving its goals. |
|
|
Explain what analysis of alternatives does. |
Provides the reader with an outline of the realm of possibilities that are available to address the problem or opportunity. Secondly, it provides the reader with rationale to why some have been eliminated as viable alternatives. Finally, it provides a detailed description of viable options (including a "do-nothing" option) that should be discussed. |
|
|
Discuss risk assessment in decision making of a BCA. |
Provides the reader with an understanding of the risks related to the initiative and how risks vary by viable alternative. Must be performed as a component of the BCA. It assigns an estimate of the risk to likely outcomes of alternatives and includes a risk mitigation strategy for each risk. |
|
|
Explain how cost benefit impacts a BCA. |
Insures the reader can easily understand and compare the initial and on-going expenditures to the expected financial and non-financial benefits (tangible and intangible) for each viable alternative. |
|
|
Explain the final stage of a BCA:
Conclusion and recommendations |
To provide the reader with a selected alternative based on an overall evaluation of the alternatives in terms of impact, risk and cost/benefit. Specific recommendations for moving a project forward are also presented. |
|
|
Explain the final stage of a BCA:
Implementation Strategy |
To ensure that those approving the business case understand the resources they must allocate (people, dollars, time) to complete the recommended next steps of the initiative. Includes: Major phases, High-level work plan/deliverables/target dates for completion, Costs, Personnel, Assignment of responsibilities for risk mitigation. |
|
|
Explain the final stage of a BCA:
Review and approval |
Clearly presents the reader with whom and how the business case has been resolved and approved. Also contains the final outcome of the business case.
If approved, the evidence of approval is included; if not approved, documentation of the decision is provided. |
