Business Case
A documented justification for an AI investment, including expected benefits, costs, risks, and strategic alignment.
In-Depth Explanation
A business case is a formal document justifying an investment by demonstrating that benefits outweigh costs and risks. For AI projects, business cases secure funding and set expectations for value delivery.
Business case components:
- Executive summary: Key points for decision-makers
- Problem/opportunity: What's being addressed
- Proposed solution: How AI will address it
- Benefits: Quantified value (cost savings, revenue, etc.)
- Costs: Implementation, ongoing, hidden costs
- ROI analysis: Return on investment calculation
- Risks and mitigations: What could go wrong
- Timeline and milestones: Implementation plan
- Alternatives considered: Why this approach
AI business case considerations:
- Uncertainty in AI outcomes (build in ranges)
- Data and infrastructure prerequisites
- Change management and adoption factors
- Ongoing model maintenance costs
- Option value of capabilities built
Business Context
Strong business cases secure investment and commitment. They also set realistic expectations, preventing disappointment when AI isn't magic.
How Clever Ops Uses This
We help Australian businesses build compelling AI business cases with realistic projections, ensuring executive support and appropriate expectations.
Example Use Case
"Building a business case for document automation: $200K investment, $500K/year savings, 12-month payback, with sensitivity analysis for different adoption scenarios."