Business analyses and business cases

Photo: Niclas Jessen
​COWI's experience with the Danish cross-governmental IT project model and the Danish State's business case model allow us to supplement our technical IT services with business perspectives.

​The Danish cross-governmental IT project model, which builds on the international project management method PRINCE2, makes up the foundation for execution of IT projects in the Danish State. In comparison, the Danish State's business case model delves deeper into economy and risk assessment, and its purpose is to calculate financial and non-financial consequences of potential investments.

Project initiation document (PID) as solid project basis

To ensure a solid basis for each project, the project initiation document (PID) typically forms the starting point. This PID is part of the cross-governmental IT project model and is a live document that is updated regularly through the analysis phase, and makes up a decision-making basis for initiation of a potential acquisition phase.

Realisation of the project's financial and non-financial gains

In continuation of the analysis phase, gains are identified. Typically, COWI consultants with technical knowledge carry out the initial mapping. Based on this first identification of gains, a workshop with selected stakeholders is held where goals and success criteria are formulated and financial and non-financial gains are specified.

Analysis and prevention of risks

Part of preparing the PID is to carry out a risk analysis. The analysis is important in terms of the actual development project and in terms of the actual business case where risks are translated into uncertainties relating to relevant gains.

In the analysis phase, gains and costs are stated in temporary estimates, including both operation and assets. This first version of the business case makes up a valuable decision-making basis for the working group. Furthermore, the first version of the precondition chart is prepared (cf. the Danish State's business case model), including all risks that affect the uncertainty of the estimates. This chart provides an overview and is valuable in terms of communication and presentation.

Also, in the analysis phase, the business case provides a first indication of the pool of risks and the range from the non-risk adjusted project costs and the worst-case scenario.

LAST UPDATED: 10.03.2017