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Business Case Analysis for IT Projects

Chapter 2 discusses the importance of a business case in IT projects, outlining its role in strategic planning, feasibility studies, and project evaluation. It emphasizes the need for a comprehensive understanding of the project's purpose, constraints, and the factors affecting its success, including internal and external influences. The chapter concludes with the steps involved in a preliminary investigation to assess the feasibility of systems requests.

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0% found this document useful (0 votes)
6 views48 pages

Business Case Analysis for IT Projects

Chapter 2 discusses the importance of a business case in IT projects, outlining its role in strategic planning, feasibility studies, and project evaluation. It emphasizes the need for a comprehensive understanding of the project's purpose, constraints, and the factors affecting its success, including internal and external influences. The chapter concludes with the steps involved in a preliminary investigation to assess the feasibility of systems requests.

Uploaded by

solehahjo
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

CHAPTER 2

ANALYZING THE
BUSINESS CASE
Learning outcomes
2

 Explain the concept of a business case


and how a business case affects an IT
project
 Describe the strategic planning process
and why it is important to the IT team
 Conduct a SWOT analysis and describe
the four factors involved
Learning outcomes
3

 Explain the purpose of a mission


statement
 Describe the SDLC, and explain how it
serves as a framework for systems
development and business modeling
 List the reasons for information systems
projects and the factors that affect such
projects
Learning outcomes
4

 Explain the initial review of systems


requests and the role of the systems
review committee
 Define operational feasibility, technical
feasibility, economic feasibility, and
schedule feasibility
 Describe the steps in a preliminary
investigation and the end product of an
investigation
Introduction
5

 The term business case refers to the


reasons, or justification, for a proposal
 A strong business case suggests that the
company should pursue the alternative,
above other options, because it would be in
the firm’s best interest to do so
 Systems development typically starts with a
systems request, followed by a preliminary
investigation, which includes a feasibility
study
Strategic Planning – A
Framework for IT Systems
6
Development
 Strategic planning is the process of
identifying long-term organizational
goals, strategies, and resources
 Strategic Planning Overview
 SWOT analysis
Strategic Planning – A
Framework for IT Systems
7
Development
 From Strategic
Plans to
Business
Results
 Mission
statement
 Stakeholders
 Goals
 Objectives
Strategic Planning – A
Framework for IT Systems
8
Development
 Mission statement (defines) company’s
overall purpose, products, services and values
 Stakeholders (are) anyone affected by the
company’s operations (customers,
employees, suppliers and stakeholders)
 Goals (are) set of targets to be accomplished
 Objectives (are) sort of short-term plan to
achieve determined goals (e.g. tactical plans)
Strategic Planning – A
Framework for IT Systems
9
Development
 A CASE Tool Example
 You are a systems analyst
 You research the Visible Analyst CASE tool
 Planning statements can include
assumptions, goals, objectives, and critical
success factors, and many other types of
statements
Strategic Planning – A
Framework for IT Systems
10
Development
 The Role of the IT Department in
Project Evaluation
 Management leadership and information
technology are linked closely, and
remarkable changes have occurred in
both areas
 Today, systems development is much
more team oriented
 Although team-oriented development is
the norm, some companies see the role
of the IT department as a gatekeeper
Strategic Planning – A
Framework for IT Systems
11
Development
 The Future
 If you could look into the future, here is
what you might see: new industries,
products, and services emerging from
amazing advances in information
technology, customers who expect world-
class IT support, a surge in Internet-based
commerce, and a global business
environment that is dynamic and incredibly
challenging
What Is a Business Case?
12

 Should be comprehensive, yet easy to


understand
 Should describe the project clearly,
provide the justification to proceed,
and estimate the project’s financial
impact
 ProSci’s BPR Online Learning Center
offers a Business Case Tutorial Series
Information Systems
13
Projects
 Main Reasons for Systems Projects
 Systems request
 Improved service
 Support for new products and services
 Better performance
 More information
 Stronger controls
 Encryption and biometric devices
 Reduced cost
Information Systems
14
Projects
 Factors that Affect Systems Projects
 Internal and external factors affect
every business decision that a company
makes, and IT systems projects are no
exception
Information Systems
15
Projects
 Internal Factors
 Strategic plan – company’s planning
determine how IT provide benefits to company
 Top managers – directives from top managers
determine success/failure of IT/IS projects
 User requests
 Information technology department
 Existing systems – insufficient/incomplete
info and unable to support company’s
operation
Information Systems
16
Projects
 External Factors
 Technology
 changing
technology, rapid growth of
communication
 Suppliers
 Relationship/communication with suppliers
 Just-in-time (JIT)
Information Systems
17
Projects
 External Factors
 Customers
 Customer Relationship Management (CRM)
 Electronic proof of delivery (EPOD)

 Competitors
 The economy
 Government
 federal, state and gov. affect the design
corporate IS.
 e.g: income tax, regulations
Information Systems
18
Projects
 Project Management
 If the project is approved, it can be
planned, scheduled, monitored and
controlled, and reported upon
 Individual analysts or IT staff members
often handle small projects, but
companies usually designate a project
manager to coordinate the overall effort
for complex projects
Evaluation of Systems
19
Requests
 Systems review committee or a
computer resources committee
evaluate systems requests
 Systems Requests Forms
 A properly designed form streamlines the
request process and ensures consistency
 Occasionally a situation will arise that
requires an immediate response
Evaluation of Systems
20
Requests
 Systems Review Committees
 Most large companies use a systems review
committee to evaluate systems requests
 Many smaller companies rely on one person
to evaluate system requests instead of a
committee
 The goal is to evaluate the requests and set
priorities
Overview of Feasibility
21

 A systems request must pass several


tests, called a feasibility study, to see
whether it is worthwhile to proceed
further
 [Link].O
Overview of Feasibility
22

 Operational Feasibility
 Operational feasibility means that a
proposed system will be used effectively
after it has been developed
 Depends on several vital issues
 Technical Feasibility
 Technical feasibility refers to technical
resources needed to develop, purchase,
install, or operate the system
Overview of Feasibility
23

 Economic Feasibility
 Total cost of ownership (TCO)
 assessing costs, which includes ongoing
support and maintenance costs, as well as
acquisition costs
 Tangible benefits
 E.g.
decrease in expenses, an increase in
revenues
 Intangible benefits
 E.g. Web site that improves a company's image
Overview of Feasibility
24

 Schedule Feasibility
 A requirement or constraint is a condition
that the system must satisfy or an outcome
that the system must achieve
 project can be implemented in an
acceptable time frame
Evaluating Feasibility
25

 The first step in evaluating feasibility is


to identify and weed out systems
requests that are not feasible
 Even if the request is feasible, it might
not be necessary
 Feasibility analysis is an ongoing task
that must be performed throughout the
systems development process
Setting Priorities
26

 Factors that Affect Priority


 Will the proposed system reduce costs?
Where? When? How? How much?
 Will the system increase revenue for the
company? Where? When? How? How much?
Setting Priorities
27

 Factors that Affect Priority


 Will the systems project result in more
information or produce better results? How?
Are the results measurable?
 Will the system serve customers better?
 Will the system serve the organization
better?
Setting Priorities
28

 Factors that Affect Priority


 Can the project be implemented in a
reasonable time period? How long will
the results last?
 Are the necessary financial, human,
and technical resources available?
 Whenever possible, the analyst should
evaluate a proposed project based on
tangible costs and benefits that
represent actual (or approximate) dollar
values
Setting Priorities
29

 Discretionary and Nondiscretionary


Projects
 Projects where management has a choice in
implementing them are called
discretionary projects
 creating new report
 Projects where no choice exists are called
nondiscretionary projects
 addinga report required by a new federal law,
annual update to payroll, tax percentages
Preliminary Investigation
30
Overview
 Preliminary investigation
 An initial investigation to clearly identify
the nature and scope of the business
opportunity or problem
 Interaction with Managers and Users
 Let people know about the investigation and
explain your role
 Employee attitudes and reactions are
important and must be considered
 Be careful in your use of the word problem
 Question users about additional capability
they would like to have
Preliminary Investigation
31
Overview
 Planning the Preliminary Investigation
 During a preliminary investigation, a
systems analyst typically follows a series of
steps
 The exact procedure depends on the nature
of the request, the size of the project, and
the degree of urgency
Preliminary Investigation
32
Overview
 Step 1: Understand the Problem or
Opportunity
 A popular technique for investigating
causes and effects is called a fishbone
diagram, or Ishikawa diagram
 Pareto chart
Preliminary Investigation
33
Overview
 Step 2: Define the Project Scope and
Constraints
 Project scope
 specific determination of a project's boundaries or
extent
 Project creep
 project
with very general scope, without specific
authorization
 Constraint
 Condition/requirementthat the system must satisfy
or an outcome that the system must achieve
Preliminary Investigation
34
Overview
 Step 2: Define the Project Scope
and Constraints
 Present versus future
 Internal versus external
 Mandatory versus desirable
 Regardless of the type, all constraints
should be identified as early as possible to
avoid future problems and surprises
Preliminary Investigation
35
Overview
 Step 3: Perform Fact-Finding
 Fact-finding involves various techniques
 Depending on what information is needed
to investigate the systems request, fact-
finding might consume several hours, days,
or weeks
 Analyze Organization Charts
 Obtain organization charts to understand how
the department functions and identify
individuals you might want to interview
Preliminary Investigation
36
Overview
 Step 3: Perform Fact-Finding
 Conduct interviews
1. Determine the people to interview

2. Establish objectives for the interview

3. Develop interview questions

4. Prepare for the interview

5. Conduct the interview

6. Document the interview

7. Evaluate the interview


Preliminary Investigation
37
Overview
 Step 3: Perform Fact-Finding
 Review documentation
 Observe operations
 Conduct a user survey
Preliminary Investigation
38
Overview
 Step 4: Analyze Project Usability,
Cost, Benefit and Schedule Data
 Before you can evaluate feasibility, you
must analyze this data carefully
 What information must you obtain, and how
will you gather and analyze the
information?
 What sources of information will you use,
and what difficulties will you encounter in
obtaining information?
Preliminary Investigation
39
Overview
 Step 4: Analyze Project Usability,
Cost, Benefit and Schedule Data
 Will you conduct interviews? How many
people will you interview, and how much
time will you need to meet with the
people and summarize their responses?
 Will you conduct a survey? Who will be
involved? How much time will it take
people to complete it? How much time
will it take to prepare it and tabulate the
results?
Preliminary Investigation
40
Overview
 Step 4: Analyze Project Usability,
Cost, Benefit and Schedule Data
 How much will it cost to analyze the
information gathered and to prepare a
report with findings and recommendations?
Preliminary Investigation
41
Overview
 Step 5: Evaluate Feasibility
 Start by reviewing the answers to the
questions you asked
 Operational feasibility
 Technical feasibility
 Economic feasibility
 Schedule feasibility
Preliminary Investigation
42
Overview
 Step 6: Present Results and
Recommendations to Management
 The final task in the preliminary
investigation is to prepare a report to
management
 The format of the preliminary investigation
report varies from one company to another
Preliminary Investigation
43
Overview
 Step 6: Present Results and
Recommendations to Management
 Introduction
 Systems request summary
 Findings
 Case for action
 Project Roles
 Time & cost estimates
 Expected benefits
 Appendix
Chapter Summary
44

 Systems planning is the first phase of


the systems development life cycle
 Effective information systems help an
organization support its business
process, carry out its mission, and serve
its stakeholders
Chapter Summary
45

 Strategic planning allows a company to


examine its purpose, vision, and values
and develops a mission statement,
which leads to goals, objectives, day-to-
day operations, and business results that
affect company stakeholders
 Systems projects are initiated to improve
performance, provide more information,
reduce costs, strengthen controls, or
provide better service
Chapter Summary
46

 Various internal and external factors


affect systems projects, such as user
requests, top management directives,
existing systems, the IT department,
software and hardware vendors,
technology, customers, competitors, the
economy, and government
 During the preliminary investigation, the
analyst evaluates the systems request
and determines whether the project is
feasible from an operation, technical,
economic, and schedule standpoint
Chapter Summary
47

 Analysts evaluate systems requests on


the basis of their expected costs and
benefits, both tangible and intangible
 The steps in the preliminary
investigation are to understand the
problem or opportunity; define the
project scope and constraints; perform
fact-finding; analyze project usability,
cost, benefit, and schedule data;
evaluate feasibility; and present results
and recommendations to management
Chapter Summary
48

 The last task in a preliminary


investigation is to prepare a report to
management
 The report must include an estimate of
time, staffing requirements, costs,
benefits, and expected results for the
next phase of the SDLC

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