How to Prepare Business Cases :An essential guide for accountants

Publication subTitle :An essential guide for accountants

Author: Remenyi   Dan  

Publisher: Elsevier Science‎

Publication year: 2009

E-ISBN: 9780080953984

P-ISBN(Paperback): 9781856176668

P-ISBN(Hardback):  9781856176668

Subject: F275 Enterprise Financial Management

Language: ENG

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Description

This book guides accountants through the processes they need to understand to develop and present a high-risk business proposal with success.

This compact guide outlines every issue surrounding a business case, from profit benefits and beyond. Will the proposal change the way the business operates, and how can these changes be predicted? What risks are involved, how can they be understood, and how can they be prevented? Who will manage the investment benefit delivery? How can technology be best used to make the venture work? All are explained succinctly and illustrated with case studies, check lists and templates.

* Learn which business proposals make good business sense
* Learn how to explain to others which business propositions they should invest in
* Learn how to present ideas convincingly to senior management

Chapter

How to Use this Book

About the Authors

Chapter 1 Why a Business Case for Investment?

1.1 Introduction

1.2 The comprehensive business case

1.3 A business case as a model

1.4 Definition of a business case

1.5 Corporate culture is central to a business case

1.6 A caution

1.7 Who owns the business case?

1.8 Summary

Chapter 2 Different Investment Decisions and the Business Case

2.1 Investment decisions and the business case

2.2 Must-do investments

2.3 A core business investment decision

2.4 Investment in a prestige project

2.5 Investments in research and development

2.6 Investment matrix and the business case

2.7 Intangible benefits

2.8 The Protean nature of investment business cases

2.9 Summary

Chapter 3 Preparing a Business Case

3.1 Introduction

3.2 The elements of a business case

3.3 The consensus issue

3.4 The acceptance of change

3.5 Accuracy of estimation

3.6 Strategic alignment

3.7 Technology

3.8 Risk - project and system

3.9 An investment business case as a process

3.10 Multi-stage large scale investments

3.11 Summary

Chapter 4 The Art of Evaluation

4.1 Introduction

4.2 Evaluation and the business case

4.3 Traditional business evaluation

4.4 Dimensions of evaluation

4.5 Other evaluation issues

4.6 A professional approach to the evaluation process

4.7 A word about assumptions

4.8 Summary

Chapter 5 The Business Outcome

5.1 Introduction

5.2 Outcome statement or statements

5.3 Another example of the macro- model for a sales administration system

5.4 Meso-model

5.5 How to develop a meso-model

5.6 Generic categories of benefit

5.7 Micro-model

5.8 Summary

Chapter 6 The Stakeholders

6.1 Introduction

6.2 The importance of stakeholders

6.3 The stakeholder

6.4 The three major groups of stakeholders

6.5 The investment owners as stakeholders

6.6 Technical professionals as stakeholders

6.7 Financial managers and administrators asnbspstakeholders

6.8 Different stakeholders - different views

6.9 Stakeholders - for and against

6.10 Stakeholder mapping

6.11 Stakeholder management

6.12 The stakeholders and the business case

6.13 Summary

Chapter 7 Strategic Alignment and Benefit Identification

7.1 Introduction

7.2 Strategy? What strategy?

7.3 Approaches to strategic thinking

7.4 The five forces model

7.5 Generic strategies model

7.6 The value chain model

7.7 Strategy and the value package

7.8 The question of strategic alignment

7.9 Shifting sands

7.10 Summary

Chapter 8 Technology Issues

8.1 Introduction

8.2 Understanding required by the principal stakeholders

8.3 A difficult challenge

8.4 Create a technology statement

8.5 Checklist to assist completing the technology statement

8.6 Summary

Chapter 9 Risk - Conceptualising and Measuring

9.1 Introduction

9.2 Defining risk

9.3 A 3 times 3 risk framework for project risk

9.4 Other types of project risk

9.5 ‘Bad’ ideas

9.6 Incorporating risk in the business case

9.7 Quantifying and managing risk

9.8 Another approach to risk quantification

Chapter 10 Business Case Accounting

10.1 Introduction

10.2 Basic approach

10.3 Cost framework

10.4 Basic concepts required for business case accounting

10.5 Detailed cost items

10.6 Pattern of costs

10.7 Sources of cost estimates

10.8 Sources of benefit estimates

10.9 Different approaches to business case accounting

10.10 Combining these approaches to business case accounting

10.11 Difficulty in estimating investment variables

10.12 Using deterministic analysis

10.13 Using risk analysis

10.14 A risk analysis example

10.15 Investment decision rules

10.16 Leasing

10.17 Summary

Chapter 11 Evaluating a Business Case

11.1 The preparation of a business case is challenging

11.2 The hallmark of a professionally produced business case

11.3 Summative and formative evaluations

11.4 A checklist for evaluating a business case

11.5 Weighting and scoring for prioritising projects

11.6 Summary

Chapter 12 Using the Business Case as a Project Management Tool

12.1 Introduction

12.2 Phases of investment project management

12.3 A reiterative process

12.4 A route to successful IT implementation

12.5 Summary

Appendices

Appendix A BUSINESS OUTCOME DETAILS

Appendix B STAKEHOLDER DETAILS

Appendix C STRATEGY

Appendix D TECHNOLOGY

Appendix E Cost-benefit analysis Cost displacement – one year

Appendix F EVALUATING A BUSINESS CASE

Appendix G Dealing with Risk

Appendix H Financial measures used in cost-benefit analysis

Appendix I Glossary of terms

Appendix J Bibliography

Index

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