When You Deliver Case Results, Business Case Risk Comes With the Turf. The business case predicts financial results, but these predictions come with uncertainties. Good business case analysis will not eliminate uncertainty about the results of business decisions—business case risk—but it can reduce the uncertainty to a minimum, measure what remains, and provide the tools for minimizing risk as the action goes forward. Risk and sensitivity analysis are key to reaching these objectives. Read the complete risk and sensitivity article online Senior business managers say, increasingly, that the margin of tolerance for management error is shrinking, visibly and tangibly. In the current business climate there is a new urgency to questions like these: How do we know that we're going to see the projected results Are we sure this is the best business decision? How can I prove, later, that I'm acting responsibly now? Most people know that business case analysis is supposed to answer questions like these, firmly and finally. That is "what decision support" is supposed to mean, after all. Nevertheless, decision makers with business case results in front of them, are still haunted by these questions. They ask: Is there any certainty to be had in the business world? This item presents an overview of risk and sensitivity analysis in the business case, the primary approach for addressing such questions directly. By popular request, the full newsletter series Business Case Risk: Will we Really See These Results? appears now as in the Encyclopedia of Business Terms and Methods. Read the complete risk and sensitivity article online. Take Action! Learn and practice proven methods for building your cases at a Building the Business Case Seminar. Learn more about business case design from one of our books, the Business Case Guide, or the most frequently cited business case authority in print, Business Case Essentials. By Marty Schmidt. Copyright © 2004-2016. Published by Solution Matrix Limited. Find us on Linkedin Google+ Facebook Marty Schmidt | June 29, 2016 at 11:28 am | Categories: Business Case Website | URL: https://www.business-case-analysis.com/blog/?p=3366 |