Chapter

Business Case Tool

Business case tools are software applications, or platforms organizations can use to develop, evaluate, and implement business cases. These tools can help to streamline the business case process, automate analysis and reporting, and provide insights into best practices for developing and evaluating business cases. Here are some examples of business case tools:

Excel: Excel is a commonly used tool for developing and evaluating business cases. It offers a range of functions and features that can be used for financial analysis, risk assessment, and other vital tasks.
Project Management Software: Project management software such as Microsoft Project or Asana can be used to develop and track the progress of business projects or investments and can be integrated with other business case tools such as Excel.
Business Intelligence Platforms: Business intelligence platforms such as Tableau or Power BI can be used to develop dashboards and visualizations to help decision-makers understand the key metrics and performance indicators associated with a business project or investment.
Business Case Software: Specialized business case software applications are available, such as Aha! or Planview, specifically designed to help organizations develop and evaluate business cases.
Cloud-Based Platforms: Cloud-based platforms such as Google Docs, Dropbox, and Box can be used to collaborate on the development and evaluation of business cases, allowing team members to work together in real-time and access documents from anywhere with an internet connection.

Business case tools can help organizations to develop and evaluate business cases more effectively and efficiently. These tools can streamline the business case process and ensure that crucial information is presented clearly and concisely by providing a range of functions and features for financial analysis, risk assessment, project management, reporting, and collaboration.

The Business Case Tools category is a comprehensive collection of resources, articles, and documents highlighting various tools and software solutions designed to assist CIOs, IT executives, and decision-makers in creating, evaluating, and managing IT-related business cases. This section of our CIO Reference Library focuses on providing insights, best practices, and guidelines for selecting and utilizing the right tools to streamline the business case development process, improve accuracy, and enhance the quality and effectiveness of your technology investment proposals.

Leveraging business case tools can save time, increase efficiency, and facilitate the adoption of best practices when creating business cases for IT projects and initiatives. The Business Case Tools category aims to provide an overview of available tools and software solutions to support various aspects of the business case process, from data collection and analysis to risk assessment, financial modeling, and presentation.

Key topics covered in this category include:

An overview of various business case tools and software solutions available in the market
Tools for data collection, analysis, and visualization to support the business case
Financial modeling and forecasting tools for estimating costs, benefits, and ROI of technology investments
Risk assessment and management tools for IT projects
Tools for aligning the business case with organizational goals and business strategy
Collaboration and communication tools for engaging stakeholders and managing feedback
Guidelines and tips for selecting the right tools to meet your specific needs
Real-world examples and case studies of successful business cases utilizing tools
Integration of business case tools with other IT governance and project management frameworks
Resources for further learning and best practices in business case tool selection and usage

The Business Case Tools category is regularly updated with new content, ensuring that it remains a valuable and current resource for CIOs and IT executives as they drive their organizations’ digital transformation and achieve success by effectively using tools and software solutions in the business case development process.

 

IT Investment Business Case Toolkit

This comprehensive, multi-volume guide contains a complete set of tools – framework, process, instructions, templates, and tools – to create a business case for information technology (ICT) investments. This guide contains information, and tools for the preparer, and reviewers. Excellent toolkit for the CIO who wants a structured approach to IT Business Cases.

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