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In fact, in some Lean or Agile organizations, over-reliance on documentation is seen as a clear impediment to innovation and collaboration.Today we’re talking about how to write a business case. And if you need a tool that can help you manage and track this process, then sign up for our software now at The aim will be to provide an overview of the benefits that can be realized in the implementation of the cashless system within the banking industry.
Now, it’s not just an exercise to appease senior leadership.
Who knows what you might uncover in the research you put into exploring the underlying problem and determining alternative solutions?
So, you’ve identified your business problem or opportunity and how to reach it, now you have to convince your stakeholders that you’re right and have the best way to implement a process to achieve your goals.
That’s why documentation is so important; it offers a practical path to solve the core problem you identified.
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Therefore, the project will look at the various ways in which the banking industry can come up with solutions to effectively manage the problem that has brought by the increased utilization of technology within the industry.
additionally, it will look at other aspects such as the team that will be implementing the system, the assumptions, the risk that might be incurred and the goals among others.
You might save the organization millions with an alternate solution than the one initially proposed.
When you put in the work on a strong business case, you’re able to get your sponsors or organizational leadership on board with you and have a clear vision as to how to ensure delivery of the business benefits they expect.