Provides a rationale for determining which data management initiatives should be funded, and ensures the sustainability of data management by making decisions based on financial considerations and benefits to the organization.
Category: 04 – Business Case
Introductory Notes
The business case is a proposal to fund programs, initiatives, or specific projects. It describes scope, activities, and expected outcomes and a rationale comprised of a total cost versus benefits of investment analysis. The process of developing the business case fosters stakeholder support and minimizes the tendency for the data management program to devolve into […]
Goals
1. Obtain executive sponsorship for the data management program. 2. Stakeholders approve and adopt the business case across lines of business. 3. Business cases justify and help to ensure sustainable financing for data management initiatives. 4. Business cases for data management are comparable to approved business cases for other organization-wide investments.
Core Questions
1. How does the organization determine the level of investment required for the data management program? 2. How does the organization decide whether to develop one umbrella business case or multiple, linked business cases? 3. What are the success criteria for the business case? 4. Who needs to be involved? Who needs to approve? 5. […]
Related Process Area
Data Lifecycle Management will help to understand the touch-points requiring data management activities. Program Funding contains information about ensuring the availability of adequate and sustainable capital to support the data management program, as well as cost allocation models required to be tracked, reported, and used for cost comparison and business case development. Governance Management and […]
Functional Practice
[tabby title=»Performed»] Level 1: Performed A business case is developed for project initiatives. The benefits and costs of data management are documented and used in local funding decisions. Refer to Program Funding, which contains information about ensuring the availability of adequate and sustainable capital to support the data management program. Example Work Products Project documentation […]