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.
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- [Core Problem It Solves: e.g., Inefficient customer support, Outdated infrastructure, Data breaches]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.