Establishing a Methodology for Business Cases | Procedures for Effective Decision-making

Procedures for Effective Decision-making

Question

When establishing a methodology for business cases, it would be MOST beneficial for an enterprise to include procedures for:

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Explanations

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A. B. C. D.

D.

When establishing a methodology for business cases, it is essential to include procedures that will help in managing the business case throughout its lifecycle. The procedures will ensure that the business case remains relevant and useful to the organization. Among the given options, the MOST beneficial procedure to include in the methodology for business cases is updating the business case throughout its lifecycle (Option B).

Option A: Addressing required changes outside the business case

Addressing required changes outside the business case is important, but it is not the MOST beneficial procedure to include in the methodology for business cases. It is necessary to identify the changes that may impact the business case and address them accordingly, but this can be done through a change management process and not necessarily as part of the methodology for business cases.

Option C: Identifying metrics post-implementation to measure project success

Identifying metrics post-implementation to measure project success is important, but it is not the MOST beneficial procedure to include in the methodology for business cases. Measuring project success is crucial, but it is not specific to the business case. The metrics used to measure project success can be defined separately and can be used for all projects.

Option D: Entering the business case into the enterprise architecture

Entering the business case into the enterprise architecture is important, but it is not the MOST beneficial procedure to include in the methodology for business cases. Enterprise architecture is a blueprint that defines how an organization will operate, and it includes all the components and their relationships. Although the business case is an essential component of enterprise architecture, it is not the only one. Therefore, it is necessary to have a methodology for managing the business case specifically.

Option B: Updating the business case throughout its lifecycle

Updating the business case throughout its lifecycle is the MOST beneficial procedure to include in the methodology for business cases. The business case is a dynamic document that should be updated regularly to reflect any changes in the business environment. The updates should also reflect any changes in the project's scope, objectives, benefits, risks, costs, and timelines. By updating the business case throughout its lifecycle, an organization can ensure that the business case remains relevant and useful to the organization. It also helps to identify any deviations from the original plan and address them accordingly.

In conclusion, the MOST beneficial procedure to include in the methodology for business cases is updating the business case throughout its lifecycle. This procedure ensures that the business case remains relevant and useful to the organization, helps identify deviations from the original plan, and addresses them accordingly.