Term
108.1 State the purpose of a Business Case Analysis (BCA) |
|
Definition
A 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. (NETCINST 1510.3 pg 1) |
|
|
Term
108.2 Explain the purpose of the executive summary of a BCA |
|
Definition
To provide a concise summary of the key highlights of the business case. The reader should be able to understand what the project is about, the role of the project in the department's plan/direction, and the business justification of the project as well as how it will improve the overall efficiency and/or effectiveness of the government.
(NETCINST 1510.3 pg 3) |
|
|
Term
108.3 Describe how strategic alignment is important in a BCA. |
|
Definition
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.
(NETCINST 1510.3 pg 8) |
|
|
Term
108.4 Explain what analysis of alternatives does |
|
Definition
Provides a 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.
(NETCINST 1510.3 pg 9) |
|
|
Term
108.5 Discuss risk assessment in decision making of a BCA. |
|
Definition
Provides the reader with an understanding of the risks related to the initiative and how risk 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.
(NETCINST 1510.3 pg 13) |
|
|
Term
108.6 Explain how cost benefit impacts a BCA |
|
Definition
Insures the reader can easily understand and comare the intitial and on-going expenditures to the expected financial and non-financial benefits (tangible and intangible) for each viable alternative.
(NETCINST 1510.3 pg 16) |
|
|
Term
108.7 Explain the final stages of a BCA |
|
Definition
a. Conclusions 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.
b. Implementation Strategy:
To ensure that those approving the business case understand the resources they must allocate (people, dollars, time) to complete the recommended steps of the initiative. Includes: Major phases, High-level work plan/deliverables/target dates for completion, Costs, Personnel, assignment of responsibilities for risk mitigation
c. 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.
(NETCINST 1510.3 pg 21-24) |
|
|