The Business Case defines the problem and its impact and performs a Cost Benefit Analysis for the proposed solution. It also looks at possible alternative solutions.
You can download the MS Word version of this template by clicking on the Word icon above. This section should provide general information on the issues surrounding the business problem and the proposed project or initiative created to address it. Usually, this section is completed last after all other sections of the business case have been written. This is because the executive summary is exactly that, a summary of the detail that is provided in subsequent sections of the document.
This business case outlines how the Web Platform WP Project will address current business concerns, the benefits of the project, and recommendations and justification of the project. The business case also discusses detailed project goals, performance measures, assumptions, constraints, and alternative options.
This section of the business case should briefly describe the business problem that the proposed project will address. This section should not describe how the problem will be addressed, only what the problem is. Because of an expanding client base, Smith Consulting has moved to a de-centralized business model over the last 2 years. As we continue to support more clients in more locations, the administration of our workforce has become more difficult.
Until now, many of our internal requirements such as reporting, payroll activities, and resource management have been done via legacy mainframe systems. As our workforce expands in numbers and area, these legacy mainframe systems have become inadequate to effectively manage these administrative activities. This inadequacy is manifested in higher costs and increased employee turnover which we have seen over the last 12 months.
In order to more effectively manage our administration, reduce costs, and improve employee turnover, Smith Consulting must move to a web-based application as outlined in this business case for the WP Project. By doing so, employees will assume a greater role in managing their administrative issues, have access to timesheets securely online, and the company can manage its administration from one central and common platform. This section should describe the anticipated outcome if the proposed project or initiative is implemented.
It should include how the project will benefit the business and describe what the end state of the project should be. Moving to a centralized web-based administrative platform will enable Smith Consulting to manage its employee payroll systems and administrative functions in a seamless and consolidated manner. This technology migration will reduce overhead costs associated with the large workforce currently required to manage these tasks. De-centralized employees will have more autonomy to manage their payroll elections, training, reporting, and various other administrative tasks.
This real time access reduces errors, improves cycle time, and is readily available to any authorized user. This section of our business case template summarizes the approach for how the project will address the business problem. This section should also describe how desirable results will be achieved by moving forward with the project.
Various options and alternatives were analyzed to determine the best way to leverage technology to improve the business processes and reduce the overhead costs within Smith Consulting. The approach described herein allows us to meet our corporate objectives of continuously improving efficiency, reducing costs, and capitalizing on technology. The recommended WP Project will methodically migrate the data and functions of our current mainframe system to our new web-based platform in order to preserve data integrity and allow adequate time to train all employees and managers on their responsibilities and respective administrative functions.
The web-based platform is compatible with all other current IT systems and will improve the efficiency and accuracy of reporting throughout the company. Some of the ways that this technology will achieve its desired results are:.
This section justifies why the recommended project should be implemented and why it was selected over other alternatives. Where applicable, quantitative support should be provided and the impact of not implementing the project should also be stated.
The migration of payroll and other administrative functions from the legacy mainframe system to the web-based platform will result in greater efficiency with regards to company resources and business processes.
The WP Project is also aligned with corporate strategy and objectives since it uses technology to improve the way we do business. While other alternatives and the status quo were analyzed, the WP Project was selected for proposal in this business case because it provides the best opportunity to realize benefits in an expedited manner while also allowing for the greatest improvement in efficiency and cost reduction.
This section of the business case template describes the roles of the team members who developed the business case. It is imperative that participants and roles are clearly defined for the business case as well as throughout the life of the project. The following individuals comprise the business case analysis team.
They are responsible for the analysis and creation of the WP Project business case. This section describes the business problem that this project was created to address.
This section should not include any discussion related to the solution. Since its inception, Smith Consulting has relied upon a mainframe system to manage payroll and other administrative employee functions. In the last two years Smith Consulting has hired 5 employees into overhead positions to help manage and run the day to day administration operations. Excel templates and solutions assist with the creation of required and pro forma financial accounting statements for stakeholder and administrative reporting as well as presentation for potential financing requirements.
Solutions Risk Analysis Excel templates, add-ins and spreadsheet solutions for performing risk and sensitivity analysis. These Excel solutions allow the performance of probability simulations, volatility assessment and 'what if' scenarios of analysis to assess the sensitivity of alternative outcomes for business case and financial investment proposals. Excel templates and solutions apply algorithmic approaches and sensitivity analytics for assessing risk and outcome variation in existing and new Excel models.
Solutions Business Planning Excel templates, add-ins and spreadsheet solutions for creating and optimizing business plans and proposals. These Excel solutions are designed to facilitate the business planning process by providing methods for projecting financial data and can be used to quickly produce reports required for business case proposals. Excel templates and solutions provide the basis to accelerate and refine business planning outputs with prebuilt pro forma accounting statements and reports as well as forecasting methods for financial line items.
Download and prepare these financial plan templates to include in your business plan. Use historical data and future projections to produce an overview of the financial health of your organization to support your business plan and gain buy-in from stakeholders. Use this financial plan template to organize and prepare the financial section of your business plan. This customizable template has room to provide a financial overview, any important assumptions, key financial indicators and ratios, a break-even analysis, and pro forma financial statements to share key financial data with potential investors.
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Watch a free demo. This financial plan projections template comes as a set of pro forma templates designed to help startups. The template set includes a month profit and loss statement, a balance sheet, and a cash flow statement for you to detail the current and projected financial position of a business. Excel Smartsheet.
Also called profit and loss statements , these income statement templates will empower you to make critical business decisions by providing insight into your company, as well as illustrating the projected profitability associated with business activities.
The numbers prepared in your income statement directly influence the cash flow and balance sheet forecasts. Use this pro forma income statement template to project income and expenses over a three-year time period. Pro forma income statements consider historical or market analysis data to calculate the estimated sales, cost of sales, profits, and more.
Small businesses can use this simple profit and loss statement template to project income and expenses for a specific time period. Enter expected income, cost of goods sold, and business expenses, and the built-in formulas will automatically calculate the net income. Use this income statement template to calculate and assess the profit and loss generated by your business over three years. This template provides room to enter revenue and expenses associated with operating your business and allows you to track performance over time.
Use these free cash flow statement templates to convey how efficiently your company manages the inflow and outflow of money. Use this basic cash flow template to compare your business cash flows against different time periods.
Enter the beginning balance of cash on hand, and then detail itemized cash receipts, payments, costs of goods sold, and expenses. Once you enter those values, the built-in formulas will calculate total cash payments, net cash change, and the month ending cash position. Use this cash flow forecast template, also called a pro forma cash flow template, to track and compare expected and actual cash flow outcomes on a monthly and yearly basis. Enter the cash on hand at the beginning of each month, and then add the cash receipts from customers, issuance of stock, and other operations.
Finally, add the cash paid out purchases made, wage expenses, and other cash outflow. Once you enter those values, the built-in formulas will calculate your cash position for each month with.
Use this cash flow statement template set to analyze the amount of cash your company has compared to its expenses and liabilities. This template set contains a tab to create a monthly cash flow statement, a yearly cash flow statement, and a three-year cash flow statement to track cash flow for the operating, investing, and financing activities of your business.
Use these free balance sheet templates to convey the financial position of your business during a specific time period to potential investors and stakeholders. Small businesses can use this pro forma balance sheet template to project account balances for assets, liabilities, and equity for a designated period. Established businesses can use this template and its built-in formulas to calculate key financial ratios, including working capital. You can also use this template to project your financial position for a specified time in the future.
Once you complete the balance sheet, you can compare and analyze your assets, liabilities, and equity on a quarter-over-quarter or year-over-year basis. This template also provides calculations for common financial ratios with built-in formulas, so you can use it to evaluate account balances annually.
Sales projections are a fundamental part of a business plan, and should support all other components of your plan, including your market analysis, product offerings, and marketing plan. Use these sales forecast templates to estimate future sales, and ensure the numbers align with the sales numbers provided in your income statement.
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