Business Case [Project Name]
PROJECT NAME
Business Case
[Company Name]
Authors:
Creation Date:
Last Updated:
Version:
[Company Name] Page 1 of 7 [Revision Date]
Business Case [Project Name]
Revision History
Date Author Version Change Reference
Approvals
Date Approver Version Comments
Reviewers
Date Reviewer Version Comments
[Company Name] Page 2 of 7 [Revision Date]
Business Case [Project Name]
Purpose
Background and Chronology
Current and Projected Business Environment
[Company Name] Page 3 of 7 [Revision Date]
Business Case [Project Name]
Critical Success Factor
Business Needs
Summary of Business Scope
[Company Name] Page 4 of 7 [Revision Date]
Business Case [Project Name]
Solution Approach
Resource Requirements
Financial Analysis
[Company Name] Page 5 of 7 [Revision Date]
Business Case [Project Name]
Success Measurement Criteria
Change Management Summary
Initial Risk Consideration
[Company Name] Page 6 of 7 [Revision Date]
Business Case [Project Name]
Alternative Analysis
Approvals
Project Manager Signature Sponsor or Originator Signature
Project Manager Name Sponsor or Originator Name
Date Date
[Company Name] Page 7 of 7 [Revision Date]
Fields displayed in GREY are text boxes that should be filled out with the requested information. Sections of the Cost/Benefit Summary are further explained below:
Section 1: Required Cost/Benefit Components for Phase Tollgates
Component
Description IG&P Define Measure Analyze Improve Control
Name
Revenue The expected incremental pre-tax revenue improvement (+/-) that will If a Revenue Improvement is Anticipated:
Improvement result from this project investment. The revenue improvement will
(Annual in result from a change in the baseline net interest income and/or non Enter $ Enter
$000's) interest income resulting from full deployment of this project solution. Enter $ Update $ Update $ Estimate observed
The Revenue Improvement benefit is represented in incremental Check box
Projection Projection Projection (validated by actual $
average annualized dollars with the first "high level" quantification due pilot results) impact
at the Define tollgate.
Expense The expected incremental pre-tax expense reduction (+/-) that will result If a Expense Reduction is Anticipated:
Reduction from this project investment. The Expense Reduction will result from a
(Annual in $000's) change in baseline credit losses, direct operating expense and/or indirect Enter $ Enter
operating expense resulting from full deployment of this project Enter $ Update $ Update $ Estimate observed
solution. The Expense Reduction benefit is represented in incremental Check box
Projection Projection Projection (validated by actual $
average annualized dollars with the first "high level" quantification due pilot results) impact
at the Define tollgate.
Cost Avoidance A benefit associated with an project that prevents a here-to-for If a Cost Avoidance Impact is Anticipated:
(Annual in unrealized operating cost from materializing or creates the opportunity
$000's) for future hard benefits. Cost Avoidance benefits are represented in Enter $ Enter
incremental pre-tax average annualized dollars with the first "high level" Enter $ Update $ Update $ Estimate observed
quantification due at the Define tollgate. Since this benefit is not Check box
Projection Projection Projection (validated by actual $
included in the baseline, it will not be included in the calculation of pilot results) impact
incremental 5 Year SVA.
Total Benefit Total Benefit is the sum of the annualized pre-tax Revenue $ Sum of $ Sum of
$ Sum of $ Sum of $ Sum of
Improvement, Expense Reduction and Cost Avoidance identified above. Updated Updated
(Annual in 000's) Projected Estimated Observed
Projected Projected
Impacts Impacts Impacts
Impacts Impacts
Capital Expense Funds required to acquire or improve capital assets, such as equipment, If a Capital Expense is Anticipated:
(Total in 000's) necessary to build or deploy this project. This expense may be Enter $ Enter total
capitalized and depreciated over time or expensed immediately Enter $ Estimate actual
depending on the type of capital purchased and the Bank's capitalization Projection (validated by Capital
policies. pilot results) Expenditure
Operate Cost Total incremental average annualized direct and/or indirect expense to If an Operate Cost is Anticipated
(Annual in 000's) operate once the project solution is fully deployed. (People, process and
technology). Enter $ Enter total
Enter $ Estimate actual
Projection (validated by Operate
pilot results) Expenses
5 Yr SVA Incremental SVA Benefits that will be realized over five years beginning
(Annual in with the project start date. SSCP 2.0 requires the quantification of 5 Enter $
000's) Enter $ Estimate Enter total
Year SVA for the Analyze tollgate. The Finance partner for the project
Projection (validated by actual SVA
should assist in the SVA calculation.
pilot results)
LOB Willingness The maximum amount the business is willing to invest based on the
to Spend projection of incremental benefits expected from the project. Enter $
Enter $ Update $ Update $ Enter $
(Total in 000's) Willingness to spend when compared to benefits and project cost should