Create a Business Case for a New Technology Investment

Objective:

  • Articulate the strategic value and financial benefits of a technology investment.
  • Justify the investment to stakeholders and secure budget approval.
  • Quantify potential ROI and mitigate perceived risks.

$3.99

Description

Inputs

  • [Technology/Software Name: e.g., AI-powered CRM, Cloud migration service, Cybersecurity platform]
  • [Core Problem It Solves: e.g., Inefficient customer support, Outdated infrastructure, Data breaches]
  • [Expected Benefits (3-5 quantitative/qualitative): e.g., Reduce customer churn by 15%, Increase operational efficiency by 20%, Enhance data security]
  • [Estimated Cost of Investment: e.g., $100,000 upfront, $5,000/month subscription]
  • [Target ROI timeframe (optional): e.g., 18 months, 3 years]

Results

  • A structured business case outlining the problem, proposed solution, and benefits.
  • A clear financial analysis including estimated ROI, cost savings, and revenue generation.
  • Identified risks and mitigation strategies.
  • A concise executive summary suitable for stakeholders.