Business case system

• US 20030088493A1
• Filed: 10/24/2002
• Published: 05/08/2003
• Est. Priority Date: 10/24/2001
• Status: Abandoned Application

• Current Assignee: United States Postal Service (Government of the United States of America)
• Original Assignee: United States Postal Service (Government of the United States of America)
• Inventors: Parke, Justin Prichard, Larsen, John Scott
• Application Number:
  US10/281,477
• Publication Number:
  US 20030088493A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system and method is provided for preparing, submitting, and evaluating a business case. The method comprises steps of inputting data into a software application including administrative data about the prospective investment, selected data on capital and expense funds, financial benefits to be gained from the investment, the degree of strategic alignment related to the investment; the degree of impact of an investment opportunity, risk level, and milestones. The plan is then submitted for peer review and comment. The business case may be revised. Business opportunities are then prioritized for investment based on quantified values of data.

Claims

1. A process for providing solutions for business decisions by inputting relevant data into a software application and commanding the software to deliver results appropriate to the selected criteria comprising the following steps of inputting the data in the respective fields on a computer screen:

administrative data about the prospective investment;

selected data on capital and expense funds to be expended by fiscal year for as many fiscal years as needed to complete the investment;

financial benefits to be gained from the investment for a maximum of ten years after the investment year;

the degree of strategic alignment impact a particular program has on an organization or unity level strategy;

the degree of impact an investment opportunity has on intangivle elements such as management information;

select from a group of alternatives the extent of risk;

a narrative description of the value of the program;

the maximum number of milestones in each fiscal year and providing a summary for each milestone;

revising if necessary the entered data displayed;

conducting peer review;

prioritizing investments; and

allocating limited capital and expense financial resources while maximizing the result of a specific value or risk criteria.

2. The process of claim 1 wherein said alternative extent of risk includes low, medium, and high.

3. The process of claim 1 further comprising a risk mitigation plan.

4. The process of claim 1 further comprising a definition for measurement of success.

5. The process of claim 1 wherein said administrative data comprises name, finance number, sponsor, program manager, phone number, lifecycle phase, time frame, stakeholders, dependencies, and a narrative description of the scope and objective of the project.

6. The process of claim 1 wherein said prioritizing step is done without regard to the amount of investment based on quantified value and risk data.

7. An automated method for evaluating business investment options comprising first options of:

creating a new business case;

updating an existing business case;

ranking a portfolio or functional area business cases;

allocating capital and expense funds against business case elements by portfolio or functional area; and

assigning completing or managing a cross functional review of one or many business cases.

8. An automated method for evaluating investment options within an organization with multiple data providers, comprising the steps of:

inputting administrative data about the prospective investment;

inputting data on capital and expense funds to be expended by fiscal year;

inputting data on the financial benefits to be gained from the investment;

capturing data on the degree of strategic impact a particular program has on an organization or unit level strategy;

capturing data on the degree of impact an investment opportunity has on intangible elements;

answering questions related to pre-identified risk areas;

providing a narrative description of the value of the program; and

determining the maximum number of milestones.

9. The method of claim 8 further comprising updating a business case to a new version.

10. The method of claim 8 further comprising submitting a proposed business case to cross-functional review.

11. The method of claim 8 further comprising prioritizing business opportunities.

12. The method of claim 8 further comprising allocating capital and expense budgets.

13. The method of claim 8 further comprising quantifying data and scoring data.

14. The method of claim 8 wherein said strategic impact may comprise a direct impact, and indirect impact, or no impact.

15. The method of claim 8 wherein the financial benefits include both benefits that provide a return on a balance sheet and do not affect a balance sheet.

16. The method of claim 8 wherein said intangible elements include management information and competitive advantage.

17. The method of claim 8 further comprising creating a risk mitigation plan.