Bhasky was a well versed Project Manager. The best out there I ever worked with. His Project Management skills were impeccable. Yet he struggled with one aspect he always found ambiguous – The Unorthodox Business Case !!!
If you work for an Organization that is already very mature, Business Cases may be very hard to come by!!! This is where the Program Manager has to don the hat of developing some unorthodox Business Cases to be able to provide a quantified improvement to the Leadership team. This is where The Unorthodox Business Case can help you!!!
This could be a must in a Project Manager’s Repertoire !!! The Unorthodox Business Case
How do you create The Unorthodox Business Case ? Let’s get right into it with an example!!!
Suppose the value of a company is a Billion dollars.
The Program Manager has received a Project to create Data Governance Framework for the company but to sell the Program’s Importance to senior stakeholders the SVP needs a Business Case to prove the worth of doing that Project!!!
Given Input: Company Value $ 1 Billion
Assumption 1: Value of Data: 20% ~ 200 Million
Assumption 2: Depreciation Of Information ~ 20% or 160 Million
Now we have to calculate value of Data that the company holds on basis of Data Governance Maturity Level
Data Governance Maturity Level 1 ~ Reactive Maturity
For Level 1 Value Of Data ~ 25% ~ (25% of $160 M) ~ $40Million
Data Governance Maturity Level 2 ~ Controlled Maturity
For Level 2 Value Of Data ~ 50% ~ (50% of $160 M) ~ $80Million
Data Governance Maturity Level 3 ~ Proactive Organization
For Level 3 Value Of Data ~ 75% ~ (75% of $160 M) ~ $120 Million
Data Governance Maturity Level 4 ~ Embedded
For Level 4 Value Of Data ~ 100% ~ (100% of $160 M) ~ $160 Million