Posts Tagged ‘business case’
Are you a rational or biased professional?
We like to think we are rational decision-making professionals. But the research shows we all have a vast number of biases. Cognitive biases are systematic patterns of behaviour, which means we deviate from making rational judgments. Many of these biases are mental shortcuts, called heuristics, that our brain uses to help us make decisions. Wikipedia…
Read MoreHow to Write an Executive Summary for your Business Case
Being asked to write an executive summary for a business case proposal may be a daunting prospect if you’ve never done it before. It is much more straightforward when you keep some simple concepts in mind as outlined below. Intended Audience Firstly, it is very important to know your audience. The intended audience for an…
Read More7 success principles to make business case options real
Preparing a business case is about deciding on the option that promises the best return, relative to the risk of failure involved. What are the success principles that help you in developing a robust business case? For a private investor considering an investment, the project option that returns the best profit, relative to the amount…
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