The objective of a business case or proposal is to identify the requirements of an organization and propose strategies to meet them. It is also used to evaluate results to get optimal success. A business case is document that is written to convince a decision maker to approve the action suggested in the case.
A business case normally includes the following elements −
Business Case Title − the Topic of proposal
Executive Summary − description of the proposal
Current Process − the procedures currently in operation
Reason to Change − profits that will be brought by the changes
Risks − factors that company needs to watch out for
Options − any alternative procedures that can be implemented
Option Comparison − Risk vs. Profit analyses of all options
Recommendation − the final option to implement, after changes
Action − the necessary steps to implement the changes
Approval Requested − what actions need approval from whom
We have handed over the task of renovating the interior of our office to Hasta La Vista, a reputed Hyderabad-based interior décor organization.
We are currently paying Hasta La Vista an hourly remuneration of INR 22,000 for their 350-hour interior décor Business. This includes five hours of decorating and redesigning the office premises. Days of operation are seven days a week, and hours of operation are the five hours between 11:00AM and 4:00PM.
Reason to Change:
Output not according to client’s requirements. Excessive décor materials used and plenty wasted.
Risks − new décor designer might reinstall previous state and undo all renovations.
Options − Asking the new décor company to continue designing from the same template and not enforcing a new design.
Option Comparison − Loss in enthusiasm of new company might lead to drop in productivity but fixed monthly compensation and more number of daily hours would balance productivity.
Recommendation − Terminate contract with Hasta La Vista. Contact Rye’s Décor.
Action − Call representatives and technicians of Rye’ Décor and let them inspect premises and submit a final report with assessment.
Calling Rye’s Décor- approval needed from HR, Admin
Meeting Rye’s Décor representatives- approval needed from the MD
Finalizing quotation for the renovation- approval needed from HR, Accounts.