《Business Case Process》.pptVIP

Business Case Process John DiNofrio Gary Graybill April 8, 2003 Overview The Business Case is a standardized management tool that captures planning information about a new project. It is constructed by the originator, the sponsor, and the performing organization to document business decisions. It should be used to help decide if a project/program proceeds. Business Case Objectives The Business Case is the basis of a presentation to decision makers so they may make more informed decisions. It is a formal document that is reviewed and signed by the originator, sponsor, and the performing organization to ensure all parties understand and agree on their roles and responsibilities. It should be signed by decision makers to approve and grant authority to proceed. Business Case Requirements Business Case needs to be developed: External New Business DOT other than FAA Other Government Agencies – Military, State and Local Gov’t., etc. Industry Academia International New Projects valued at over $50K Example - VizSim Lab Business Cases are not required: Existing Projects and Customers Projects with PDs Follow-on to Existing Projects Business Case Timeline Due Diligence – Begins with initial discussions to determine project feasibility Business Case Development – Begins when “players” begin to formalize and document business decisions. This cycle ends when all are satisfied with the documented decisions and sign the Business Case. Review/Approval – Begins with the development of the Business Case Presentation and ends after the Business Case is presented and approved. Business Case Process Each LOB personally commits to ensuring business cases are developed Each LOB will develop their own process to track and approve business cases All business cases that go to the SLT for approval will be maintained by LOB and ACF Tech Center wide initiatives Initiatives that require funding outside of LOB budget Initiatives $$$ On a quarterly basis, the number of business cases